Digital Asset Funds See $454M Weekly Outflows as Fed Rate-Cut Hopes Fade: CoinShares
Digital asset investment products saw $454 million in outflows last week as fading Fed rate-cut hopes dampened investor sentiment, reversing early 2024 gains.
Digital asset investment products saw $454 million in outflows last week as fading Fed rate-cut hopes dampened investor sentiment, reversing early 2024 gains.
Treasury Secretary Scott Bessent advocates for more rate cuts to support economic growth, despite strong jobs data. Markets adjust rate cut bets, and bitcoin prices dip.
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