Cryptocurrency investment products ended last week in Zielony, interrupting 15 weeks of further inflows after investor’s moods achieved the hit from comments on Jastrzębie during the meeting of the Federal Committee Open Rynek (FOMC) last week.
Global Crypto Exchange Products (ETP) last week recorded drains worth $ 223 million, According to to the latest report from Crypto Asset Management Coinshares, published on Monday.
Despite the robust beginning of the week with an influx of $ 883 million, “Trend inverted” in the second half of the week, “Probably caused by the Jastrzębie FOMC meeting and a series better than the expected economic data from the USA”, said the report, adding:
“Considering that in the last 30 days we have seen a net influx worth USD 12.2 billion, which is 50% of the influx in a year, it may be understandable, which we consider to be small profits.”
The comments of Jerome Powell, chairman of the US Federal Reserve, also weakened investors’ expectations of interest rate reduction in September to 40% with 63% before the FOMC meeting, CointeleGraph informed last Thursday.
A decrease in moods appears when Bitcoin (BTC) enters in August, historically one of the worst months. Data from Coumingss can be seen The median return of Bitcoin in August is -7.49%.
Bitcoin products were the majority of losses from last week, with $ 404 million in drainage. Despite the withdrawal, some analysts believe that the next Bitcoin catalyst may arrive after a summer break. In the research note published Last Friday, Matrixport said that Bitcoin could gain adhesion when the US Congress of reconstruction after Labor Day.
“Fiscal uncertainty was a historically powerful wind to hard assets, and Bitcoin remains first in the narrative,” said the report.
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The ether opposes the wider isolation of the Fund
Despite the outflows of global cryptocurrency funds, ETP (ETH) ETP closed the 15th weekly week of positive net influxing, attracting $ 133 million investment despite the withdrawal in the second half of the week.
The report was attributed to the continuous influx of Ether Fund “Solid positive sentiment for the asset.
Cryptographic funds focused on XRP (XRP), Solana (SOL) and Sui (SUI) also closed the week in Zielony, seeing $ 31.2 million, USD 8.8 million and USD 5.8 million, respectively.
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Last Thursday, US President Donald Trump signed Execution order imposing mutual import tariffs in the amount of 15% to 41% on goods from 68 countries, applicable on Thursday, August 7.
Despite the tariff order of President Trump from August 1, sending “cooling through global markets”, cryptocurrency markets saw “reality” rather than failure, Stella Złatareva, editor of NEXO shipping.
“The digital assets market remains well above $ 3.7 trillion, anchored by structural flows, institutional belief and the promise of clear US regulations,” said CointeLgraph, adding that “Altcoin stability may gradually return.”
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