S&P 500's Bull Run Faces Challenges, But Optimism Remains

Last week, cryptocurrency investment products saw a massive $1.2 billion inflow, with Bitcoin taking the lead at $1 billion. This marked the third consecutive week of positive inflows, driven by favorable macroeconomic events in the US, including the Fed's dovish stance on interest rates. As a result, total crypto assets under management rose by 6.2%.

Ethereum ended its five-week outflow streak with $86 million in inflows, while its price gained 14% over two weeks. Despite this, its month-to-date flows are still negative.

Other altcoins like XRP and Cardano saw modest inflows, while Solana bucked the trend with $4.8 million in outflows, showing investor caution towards the asset.