📶◀️Federal Reserve Concerns🪙 Drive Cryptocurrency Funds to Escape $1.43 Billion,🔺 the Largest Since March◀️📶
💎Despite Federal Reserve Chair Powell's hawkish signal late last week🔻, which triggered a $594 million rebound, cryptocurrency funds are still losing a total of $1.43 billion🔻. However🔻, the outflows were not uniform, revealing a disparity in investor confidence among the major assets.✔️📶
⬅️Summary↖️
💎Cryptocurrency funds experienced outflows of $1.43 billion last week, the largest since March🔻, amid concerns about Federal Reserve policy✔️📶.
💎Bitcoin bore the brunt of the sell-off, with up to $1 billion redeemed🔻, while Ethereum limited the outflows to $440 million.✔️📶
💎Exchange-traded product volumes rose to $38 billion, indicating active institutional repositioning.✔️📶
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🟢This is not investment advice 🟢