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Ethereum
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$2,446.53 -1.48807
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BNB
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$646.10 -0.10368
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Solana
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$141.22 -2.5896
Solana price
XRP
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$2.09 -4.30869
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$0.0000113 -3.13077
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$0.788186 -1.78264
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Bitcoin
Bitcoin (BTC)
$107,370.00 -0.41622
Bitcoin price
Ethereum
Ethereum (ETH)
$2,446.53 -1.48807
Ethereum price
BNB
BNB (BNB)
$646.10 -0.10368
BNB price
Solana
Solana (SOL)
$141.22 -2.5896
Solana price
XRP
XRP (XRP)
$2.09 -4.30869
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 -3.13077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -2.92946
Pepe price
Bonk
Bonk (BONK)
$0.0000134 -2.80423
Bonk price
dogwifhat
dogwifhat (WIF)
$0.788186 -1.78264
dogwifhat price
Popcat
Popcat (POPCAT)
$0.268576 -1.00611
Popcat price
Bitcoin
Bitcoin (BTC)
$107,370.00 -0.41622
Bitcoin price
Ethereum
Ethereum (ETH)
$2,446.53 -1.48807
Ethereum price
BNB
BNB (BNB)
$646.10 -0.10368
BNB price
Solana
Solana (SOL)
$141.22 -2.5896
Solana price
XRP
XRP (XRP)
$2.09 -4.30869
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 -3.13077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -2.92946
Pepe price
Bonk
Bonk (BONK)
$0.0000134 -2.80423
Bonk price
dogwifhat
dogwifhat (WIF)
$0.788186 -1.78264
dogwifhat price
Popcat
Popcat (POPCAT)
$0.268576 -1.00611
Popcat price
Bitcoin
Bitcoin (BTC)
$107,370.00 -0.41622
Bitcoin price
Ethereum
Ethereum (ETH)
$2,446.53 -1.48807
Ethereum price
BNB
BNB (BNB)
$646.10 -0.10368
BNB price
Solana
Solana (SOL)
$141.22 -2.5896
Solana price
XRP
XRP (XRP)
$2.09 -4.30869
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 -3.13077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -2.92946
Pepe price
Bonk
Bonk (BONK)
$0.0000134 -2.80423
Bonk price
dogwifhat
dogwifhat (WIF)
$0.788186 -1.78264
dogwifhat price
Popcat
Popcat (POPCAT)
$0.268576 -1.00611
Popcat price

Macroeconomic data once again ‘key driver’ of crypto prices, CoinShares says

Dorian Batycka
Edited by
News
Macroeconomic data once again ‘key driver’ of crypto prices, CoinShares says

Macroeconomic signals drove sharp reversals in crypto flows last week, CoinShares reports, with $940 million in outflows wiping out early inflows.

Digital asset investment products saw $48 million in net inflows, but nearly $1 billion that poured in earlier in the week was offset by $940 million in outflows as fresh economic data and hawkish Federal Reserve minutes rattled investors, said James Butterfill, head of research at CoinShares, in a Jan. 13 research report.

Bitcoin (BTC) led with $214 million in inflows but faced the largest outflows among digital assets later in the week. Butterfill notes that despite the outflows, BTC remains the “best-performing asset with $799 million in inflows year-to-date.”

Macroeconomic data once again 'key driver' of crypto prices, CoinShares says - 1
Weekly crypto asset flows | Source: CoinShares

Ethereum (ETH) faced a challenging week, with $256 million in outflows, which Butterfill linked to the broader tech sell-off rather than issues specific to Ethereum. At the same time, Solana (SOL) remained resilient, attracting $15 million in inflows.

XRP (XRP) attracted $41 million in inflows, driven by “political and legal factors,” Butterfill says, noting that inflows suggest “heightened optimism ahead of the Jan. 15 SEC appeal deadline.”

Several altcoins posted inflows despite weak price performance. For instance, Aave (AAVE), Stellar (XLM), and Polkadot (DOT) were standouts, drawing $2.9 million, $2.7 million, and $1.6 million, respectively. Butterfill says the latest figures show that the post-U.S. election “honeymoon is clearly over,” adding further that “macroeconomic data is once again a key driver of asset prices.”