Business > Market

Investors ploughed $300 million into bitcoin last week as Terra's stablecoin went into meltdown

1 month ago   |   By Business Insider

Bitcoin fans flocked to the token as the crypto market majorly suffered last week. Namthip Muanthongthae Bitcoin fans flocked to the token as the crypto market majorly suffered last week. Namthip Muanthongthae
Investors poured a record $274 million into crypto assets last week, even as terraUSD crashed, CoinShares found.
The main driver was bitcoin, which logged $299 million in inflows during the crypto rout, it said.
This was a strong signal that investors saw the UST stablecoin de-peg and the broader sell-off as a buying opportunity, it said.
Investors poured a record amount of money...
Read more ...

 


Search by Tags

   Market      Markets      MI Exclusive      Crypto      Crypto 2022      Bitcoin      Ether      Stablecoin      Terra      Terra crash      Crypto markets      Coinshares      Cryptocurrencies      Luna      UST      UST stablecoin      Selloff  


Merrick Garland's former law professor says he thinks the attorney general...

Attorney General Merrick Garland and former President Donald Trump. Sean Rayford/Alex Wong/Getty Images A Harvard Law professor said he thinks Trump will be indicted by the... Read more ...

Two downtown Las Vegas resorts happy with under-21 ban

If you're under 21, don't expect to get in at Circa or El Cortez. Their leaders are happy with their decisions, but they don't expect any other properties to join them. Read more ...

Martin Guzman: Argentina's economy minister resigns

Resignation comes amid deep splits in the ruling coalition about how to handle Argentina's mounting economic crisis. Read more ...

Editorial: State Senate coddling opioid pushers

The cash fueling the opioid epidemic is staggering. All you need to do is flip through court documents tied to Vincent “Fatz” Caruso, 27, and his fentanyl dirty dealings north... Read more ...

Today's Wordle 379 Hint And Answer - Sunday July 3rd

Here's today's Wordle 379 word of the day answer plus a helpful hint. Read more ...

Biggest Takeaways From 2022 WWE Money in the Bank Results

Saturday's Money in the Bank pay-per-view from Las Vegas certainly made some bookies unhappy when a few of the results ended up surprising the majority of... Read more ...

The Real Winners and Losers From WWE Money in the Bank 2022 Match Card

WWE Money in the Bank has typically been one of WWE's biggest shows, but this night felt lacking on the surface. Many top stars missed the card, and multiple... Read more ...

Ronda Rousey Loses WWE SmackDown Women's Title to Liv Morgan at Money in the...

Ronda Rousey Defeats Natalya, Retains SmackDown Women's Title on/at EVENT X --OR--Nat Defeats Natalya, Retains SmackDown Women's Title on/at EVENT X Read more ...

Economic concerns - now joined by abortion rights and the Jan. 6 hearings...

The fight for the Second Congressional District in the Twin Cities suburbs - Minnesota's last pure battleground - offers a microcosm of the congressional races playing out... Read more ...

Police say the repeal of Indiana's handgun permit law means someone openly...

Getty Images The Indiana State Legislature's repeal of gun permit requirements went into effect Friday. The repeal makes it harder to screen for dangerous individuals with... Read more ...