Last week, the US dollar inflow into the cryptocurrency market reached a net inflow of 6.283 billion dollars, setting a new weekly record since January 2022

PANews reported on November 11th that according to SoSoValue data, last week (Eastern Time November 04 - November 10) saw a net inflow of $62.83 billion into the cryptocurrency market, setting a new weekly record since January 2022.

Of this amount, Bitcoin and Ethereum spot ETFs had a net inflow of $17.92 billion; fiat-backed stablecoins (USDC, USDT, FDUSD, TUSD, PYUSD, USDP, GUSD) had a net inflow of $44.92 billion. As of press time, the total cumulative net inflow into the cryptocurrency market has reached $1831.9 billion.

Note: The SoSoValue market indicator "Dollar Inflow into Cryptocurrency Market" combines the accumulated net inflows from ETFs with those from fiat-backed stablecoins to reflect the actual volume of fiat funds flowing into the cryptocurrency market.