Crypto Market Analysis – Bitcoin Back On Track Above $47k.

In cryptocurrencies, the prices of  Bitcoin [BTC] today flow to trade above $47,000, as per CoinMarketCap, the world’s largest leading cryptocurrency by market capitalization has increased by 4% to $47,103, at the reporting time. This year 62% has been gained by Bitcoin (year-to-date), therefore, in April it is much lower from nearly its record high level of $65,000 it hit.

Ether, the second-largest crypto has earned nearly 3% to $3,391 and the coin is linked to the Ethereum [ETH] blockchain. The dogecoin stood up to  2% to $0.23 but on the other hand, Cardano prices fall over by 0.4% to $2.38.   Over the last 24 years, other virtual tokens which include Stellar, Uniswap, and  Litecoin also surged over the last 24 hours. 5% lower to $157.9 was traded by Solana in the meanwhile.

Last week the Global crypto funds saw the fourth straight week, attracting $57 million,  $50 million was alone bagged by Solana cryptocurrency, said by digital asset manager CoinShares.

With a market capitalization of about $50 billion, SOLANA has become one of the top 10  leading crypto assets in the world. For the week, Bitcoin funds remained flat with a paltry $0.2 million of inflows, while Ethereum saw minor outflows totaling $6.3 million. Amongst investors, the trend of diversification remains intact, with inflows into Cardano, multi-asset, Ripple, and Polkadot and also totaling the $3.5 million, $3.2 million, $3.1 million, and $1.7 million, etc, respectively.

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