Gold saw the largest four-week inflow into exchange-traded funds (ETFs) ever recorded in February, totaling $4.9 billion, according to data from Bank of America. This surge in investment into gold ETFs reflects a shift from previous outflows. In contrast, the cryptocurrency market experienced a downturn, with Bitcoin and Ether extending their slide amid a broader sell-off in US equities, particularly in technology stocks. The decline in cryptocurrencies is attributed to fears over the US stock market. Ether has been in a downtrend since December 2024, dropping more than 53% from its peak above $4,100. The cryptocurrency's struggles are linked to global uncertainties, including concerns about US import tariffs and the lack of new developments on the Ethereum network. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
