Bitcoin leads $321M crypto inflows following Fed rate reduction
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
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Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.
Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension.
The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris.
Bitcoin price rallies to $61,000 after the US Federal Reserve cuts rates by 50 basis points for the first time since 2020.
BitMEX co-founder Arthur Hayes disclosed significant holdings in Ether, Ethena and Pendle, expressing confidence about the next ETH bull market.
If the Fed cuts rates by just 25 bps, “crypto will likely fall along with that,” said CEO of crypto hedge fund Asymmetric, Joe McCann.
Analysts say Bitcoin’s recent price action could be a sign that the path to new all-time highs has begun.
Ether’s price in Bitcoin terms has also fallen to its lowest level since April 2021.
Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside.
