Weekly inflows into cryptocurrencies totaled $441 million dollars

CoinShares notes that the recent price drop caused by the actions of the Mt.Gox exchange and the German government was seen by many market participants as a buying opportunity.

In July, bitcoin exchange Mt.Gox began returning bitcoins and Bitcoin Cash to customers, whose rates had increased many times since its bankruptcy in 2014. In turn, the German government began selling bitcoins confiscated as part of criminal investigations through several platforms. All this led to the fact that the BTC rate fell below the psychologically important mark of $60,000 and in general has lost 9% since the beginning of the month.

Analysts also note a change in the attitude of traders to Ethereum, products based on which previously faced churn. This time around they have attracted $10 million, with ETH remaining the only asset to maintain net outflows since the start of the year.

Blockchain stocks also faced $8 million in outflows last week. The figure has already reached 556 million since the beginning of the year.