tldr; Cryptocurrency investment products saw $321 million in inflows following the US Federal Reserve’s decision to cut interest rates by 50 basis points. Bitcoin led the inflows with $284 million, while Ethereum experienced outflows for the fifth consecutive week. The rate cut, the first since March 2020, positively impacted crypto markets, increasing total assets under management by 9%. Solana also saw consistent inflows. The decision has sparked interest in gold, which reached a new high of $2,629 per ounce.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Global liquidity growing, etfs, rate cuts, media attention… and crypto seasonalty about to kick in at october
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The bull run is now
Bitcoin CEO: “Risk On, Mfrs!”
tldr; Cryptocurrency investment products saw $321 million in inflows following the US Federal Reserve’s decision to cut interest rates by 50 basis points. Bitcoin led the inflows with $284 million, while Ethereum experienced outflows for the fifth consecutive week. The rate cut, the first since March 2020, positively impacted crypto markets, increasing total assets under management by 9%. Solana also saw consistent inflows. The decision has sparked interest in gold, which reached a new high of $2,629 per ounce.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Global liquidity growing, etfs, rate cuts, media attention… and crypto seasonalty about to kick in at october
No excuse for altseason anymore
At this rate ETH will see inflows in 2035
Fed rate go down, market go up