Institutional Money Flows Out Of BTC, Into ETH – May 18

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$45,487

Bitcoin price has stablized above the $45,000 mark overnight, allowing holders to breathe after a turbulent beginning to the week.

Top-20 altcoins have also had a better 24 hours of price action, as Ethereum remains unchanged, XRP gains 10% and Polygon rockets into the top 20 with a 31% gain.

Top Stories for May 18, 2021 🔥

👉 Institutional Money Flows Out Of BTC, Into ETH

A weekly report from Coinshares has shown that Bitcoin funds have had their largest outflow in the history of the report, with almost $100 million exiting Bitcoin investment products last week.

Ethereum investment products, however, have picked up the slack with $27 million of inflows for the week. Other altcoin funds have attracted an additional $21 million of inflows, led by Cardano (ADA) and Polkadot (DOT).

👉 Fox To Launch NFT Company And Blockchain-Based Series

Renowned media company Fox has announced that it will be launching an NFT company and a blockchain-based animated TV series.

The series is by the creator or Rick and Morty, Dan Harmon, and will be produced by Bento Box entertainment – a subsidiary of Fox.

An NFT marketplace will be created for the show, offering tokens representing characters, background art and GIFs.

👉 Ethereum Transaction Revenue On Route To Beat Monthly Record

Ethereum’s transaction revenue (measured in dollars) is set to beat its monthly record of $722 million today, according to data provider Coin Metrics.

This month’s revenue has benefited from high transaction volumes and a rapid increase in the price of Ether (ETH), resulting in record-setting figures – even with almost two weeks left in the month.