Posted by @petruske
17 Sep, 2024
Bitcoin Dominates Crypto Inflows Amid Rate Cut Speculations
This week, Bitcoin saw a massive inflow of $436 million into investment products, marking a significant rebound after two weeks of outflows. This surge in demand comes as investors brace for a potential 50-basis-point interest rate cut by the U.S. Federal Reserve. Interestingly, while Bitcoin enjoyed robust inflows, Ethereum continued to struggle, experiencing outflows of $19 million.