Market Wrap: Altcoins Underperform as Bitcoin Dips Below $48K
Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows at $52 million, CoinDesk’s Lyllah Ledesma reported. The prior week, bitcoin-focused funds saw $145 million of inflows. Meanwhile, SOL, the token of the blockchain-based smart contracts platform, saw inflows of $17 million. SOL is down 35% on the month after reaching an all-time high in November.