Ethereum Joins $1.9B Crypto Surge, Bitcoin Bags $977M as Investors Pile Back In
Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 billion. The surge followed the US Federal Reserve’s long-anticipated interest rate cut last week. Investors were initially hesitant and treated the move as a “hawkish cut,” but sentiment improved as the week progressed.
By Thursday and Friday, inflows accelerated, adding $746 million as markets reassessed the rate decision’s impact on crypto.
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Ethereum Joins $1.9B Crypto Surge, Bitcoin Bags $977M as Investors Pile Back In
Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 billion. The surge followed the US Federal Reserve’s long-anticipated interest rate cut last week. Investors were initially hesitant and treated the move as a “hawkish cut,” but sentiment improved as the week progressed.
By Thursday and Friday, inflows accelerated, adding $746 million as markets reassessed the rate decision’s impact on crypto.
Read More