Cryptocurrency investment products ended in Green last week, disrupting 15 consecutive weeks of continuous flow after the Hawkish comments during the Federal Open Market Committee (FOMC) meeting last week.
The Global Crypto Exchange-Tradeded Products (ETP) saw the outflow of $ 223 million last week, According Published on Monday, for the latest report of Crypto Asset Management firm Coinsers.
Despite a strong start for the week with a price of $ 883 million, “trend inverted” in the second half of the week, “possibly Hawkish FOMC meeting and a series of better-and-from-enacted economic data from the US,” The report says: “
“Given that we have seen the US $ 12.2BN pure flow in the last 30 days, which represents 50% flow so far, it is probably understandable to see what we believe to take minor advantage.”
The remarks of US Federal Reserve Chairman Geom Powell also reduced the expectations of investors of interest rate cut from 63% to September from September 63% before the FOMC meeting, Coinletgraph said last Thursday.
The fall in emotion bitcoin (BTC) enters in August, historically one of its worst performing months. Data from coating Show The average return of bitcoin in August is -7.49%.
Bitcoin products were responsible for the wholesale of the previous week’s loss, with $ 404 million in outfits. Despite the pullback, some analysts believe that the next catalyst of bitcoin may come after a summer holiday. In a research note Published Last Friday, Matrixport said that bitcoin can achieve traction when the US Congress re -organized after Labor Day.
The report said, “Fiscal uncertainty has been a powerful tailwind for historically difficult wealth, and the bitcoin story remains in front and center.”
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Ether defines wide fund retreat
Despite the outflow between the global cryptocurrency funds, Ether (Eth) Etps shut down the net positive flow of its 15th week, attracted an investment of $ 133 million despite pullbacks in the second half of the week.
The report attributed the continuous ether funds to “strong positive spirit to asset”.
Crypto Funds also closed the crypto funds focused on XRP (XRP), Solan (SOL) and needle (needle) in green, respectively, $ 31.2 million, $ 8.8 million and $ 5.8 million respectively.
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Last Thursday, US President Donald Trump Put signature on An executive order implements mutual import tariffs of 15% to 41% on goods from 68 countries, effective Thursday, August 7.
Despite President Trump’s August 1 tariff order, “a chill through global markets”, cryptocurrency markets saw a “recurrence” instead of a breakdown, Stella Zlatareva, Digital Asset Investment Editor at Nexo.
“The digital asset market is above $ 3.7 trillion, anchor with a promise of structural flow, institutional punishment and clear American regulation,” she said “Altcoin stability may come back slowly.”
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