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.
Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension.
Bitcoin must overcome resistance in the $64,000 to $66,000 zone before a new set of growth catalysts initiate the path to six-figure BTC price territory.
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.
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.
Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from yen carry […]
The Federal Reserve is expected to begin lowering its benchmark interest rate in September.
Declining interest rates — along with rising investment in Bitcoin — could provide the fuel the DeFi market needs to experience a long-awaited resurgence.
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
