The recent inflows of $436 million in cryptocurrencies show a renewed optimism in the market, especially with Bitcoin leading the investments. The expectation of a 0.5% Fed interest rate cut has been a key factor driving the change. However, Ethereum continues to show outflows, indicating possible differences in investors' perception of the short-term value of these two leading cryptocurrencies. The market could be reacting sensitively to the monetary policy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Reward
like
1
Repost
Share
Comment
0/400
Crazy
· 2024-09-17 09:00
Gate.io Challenge
Participate in the quiz challenge and win fantastic rewards
Join now: https://www.gate.io/activities/answer-earn/?refUid=6340556&ch=AnswerEarnCTP
#Which Tokens Have Huge Potential in Gate.io Pilot Section?
The recent inflows of $436 million in cryptocurrencies show a renewed optimism in the market, especially with Bitcoin leading the investments. The expectation of a 0.5% Fed interest rate cut has been a key factor driving the change. However, Ethereum continues to show outflows, indicating possible differences in investors' perception of the short-term value of these two leading cryptocurrencies. The market could be reacting sensitively to the monetary policy.