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BREAKING: 🚨 Fed rate cut sparks $1.9B rush into crypto with Bitcoin reigning supreme in the investor arena, while Ethereum and
wait so bitcoin is like the beyoncé of crypto rn?! 🚀👑 how come people still go bearish tho when it’s on
bitcoin hitting all-time highs, fed cuts rates, crypto inflows surging, altcoins popping off, bears getting wrecked: classic risk-on behavior
classic: Fed rate cut sparks $1.9B crypto inflows, with Bitcoin dominating at $977M while Altcoins like Ethereum draw $772
Last week, the Federal Reserve’s decision to cut interest rates prompted a surge in digital asset investments, with Coinshares seeing $1.9 billion in inflows. The 25-basis-point rate reduction after the September FOMC meeting signaled to investors the potential benefits for risk assets under looser financial conditions. Bitcoin dominated with $977 million inflows, while Altcoins drew about $1 billion, led by Ethereum’s $772 million. Other assets like Solana and XRP also saw significant investments, reflecting a broad investor interest. 📈🔥
Bitcoin remained the top choice for investors, seeing a streak of net gains and surpassing Ethereum in popularity. BTC-based funds have attracted nearly $4 billion this month and over $24.7 billion since the year began. On the contrary, bearish Bitcoin products faced a decline, losing $3.5 million last week and reaching a multi-year low of $83 million under management. This trend may indicate investors’ reluctance to bet against Bitcoin amid perceived risks. 📉🧐
https://altcoin.observer/bitcoin-leads-while-the-drop-in-fed-rates-leads-to-1-9-billion-in-cryptography-funds/
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