Infrastructure Leads Weekly Crypto Deal Roundup as Ether Falls 5.1%

Infrastructure projects made up four of the five deals in the crypto financing roundup for the week ended Oct. 16, standing out during a week of falling overall market value and U.S. spot ETF outflows. Bitcoin (BTC) gained 2.4% over the week, while Ether (ETH) fell 5.1%. Total crypto market value declined 2.2%, and market value excluding Bitcoin and Ether dropped 4.9%. The difference shows that Bitcoin’s gain was not shared across the broader market. U.S. spot Bitcoin exchange-traded funds recorded about $229 million in net outflows, while spot Ether funds recorded $320 million in net outflows.

Source: TokenPost