According to CoinGecko data, the net inflow in the PoW sector is $3.1 billion, reflecting an overall market capitalization increase of 1.7% on Thursday. A closer look at the market data reveals that investors have been avoiding large PoW assets, including Bitcoin, DOGE, Bitcoin Cash, and Litecoin, all of which have seen daily price declines. However, small PoW tokens are leading the trend, with Nexa soaring by 7.4%, while Lightning Bitcoin ( LBTC ) and Metaverse ETP ( ETP ) rising by 5.0% and 4.7%, respectively. These trends indicate that after the SEC confirmed the commodity status of these assets, investors are strategically shifting funds from large-cap coins to understated PoW assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to CoinGecko data, the net inflow in the PoW sector is $3.1 billion, reflecting an overall market capitalization increase of 1.7% on Thursday. A closer look at the market data reveals that investors have been avoiding large PoW assets, including Bitcoin, DOGE, Bitcoin Cash, and Litecoin, all of which have seen daily price declines. However, small PoW tokens are leading the trend, with Nexa soaring by 7.4%, while Lightning Bitcoin ( LBTC ) and Metaverse ETP ( ETP ) rising by 5.0% and 4.7%, respectively. These trends indicate that after the SEC confirmed the commodity status of these assets, investors are strategically shifting funds from large-cap coins to understated PoW assets.