Despite increased institutional fund flows, Crypto is still making a sluggish comeback

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

The year 2022 was one of the most difficult in the history of cryptocurrency. The market’s fluctuating effect has resulted in significant losses for several investors, with some exiting the business. A careful examination of Bitcoin’s price since the beginning of the year reveals the industry’s erraticness.

According to CoinShares’ weekly digital asset move report published on July 25, there was an influx of approximately $30 million in the previous week. While this decision is minor in the grand scheme of things, it brings the month-to-month total to $394 million, reversing the trend of outflows over the previous few months.

Also Read

According to the report, bitcoin funds dominated the week with inflows of $19 million. Ethereum-based products saw more than $8 million in inflows, which is the opposite of the retail buying and selling market motion for the asset, which outperformed Bitcoin last week.

For the time being, European buyers dominated the action, with sentiment in the United States remaining largely bearish. This may be due to this week’s macroeconomic double whammy of a fee increase and the second quarter of destructive GDP. This technically denotes a recession, though US lawmakers try to avoid using that term by changing terminology and definitions.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

However, yesterday, Glassnode, an on-chain analytics agency, reported that while short-term momentum was positive, it remains weighed down by longer-term macro indicators that point could also be required to type an agency basis. The rally that began in mid-July appears to be losing steam, as crypto markets fell 4% on the day, with the market cap falling back to $1 trillion during the Tuesday morning Asian buying and selling session.

Meanwhile, Glassnode confirmed that speculators had largely been driven out of Bitcoin markets after finding strong support in the low $20K range. “During this process, money is redistributed from low-level conviction holders to high-level conviction holders,” it stated.

Nonetheless, today’s 3.5 percent drop has brought BTC prices back under these levels, trading at $21,170 at the time of writing. In the long run, momentum suggests that the worst of the capitulation may be over soon as foundational restoration continues. Follow TechGenyz for more updates.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors