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Cryptocurrencies post inflows in latest week, led by bitcoin
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economictimes.indiatimes.comCoinShares showed on Monday. Institutional investors poured in $154 million in the crypto sector in the week ended Nov. 19, with a year-to-date total of $9.2 billion, already exceeding total inflows of $6.7 billion in 2020.Bitcoin got the lion's share of inflows with $114.4 million, equivalent to 74% of the total. So far this year, total inflows into bitcoin products and funds hit $6.7 billion.
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View Details »The inflows came despite a 10.4% drop in bitcoin last week. On Monday, bitcoin was down 4.5% at $56,042. The world's largest cryptocurrency hit a record high of $69,000 on Nov. 10. «Bitcoin was ripe for a pullback and it might not be over yet before traders confidently feel a bottom has been made,» said Edward
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