Cryptocurrency investment products ended in red last week, with investor sentiment hitting Hawkish’s remarks, interrupting a 15-week continuous inflow at last week’s Federal Open Market Committee meeting.
Global encryption Exchange Products (ETP) There was a $223 million outflow last week. according to The latest report from crypto asset manager Coinshares released on Monday.
Despite the high set-up rate this week, with a $883 million inflow, the “trend reversal” in the second half of this week “is likely triggered by hawkish FOMC meetings, and a range of expected economic data from the U.S.,” the report added:
“Given that we have seen a net inflow of $122.2 billion in the past 30 days, which is 50% of the inflows in the year so far, it is understandable to see that we think we think there is less profit.”
Remarks from Fed Chairman Jerome Powell also undermine investors’ expectations for lower interest rates September to 40% Cointelegraph reported last Thursday that 63% of the FOMC meeting were ahead of the FOMC meeting.
Emotional decline is due to Bitcoin (Bitcoin (BTC) Entering August, it was one of its worst-performing months. Data from Coinglass show Bitcoin’s median return in August was -7.49%.
Bitcoin products accounted for the majority of losses last week, with $404 million flowing out. Despite the callback, some analysts say Bitcoin’s The next catalyst may arrive after summer rest. In the research report publishing On Friday, Matrixport said Bitcoin could get attention when Congress re-entered after Labor Day.
“Historically, fiscal uncertainty has been a strong barrier to hard assets, and Bitcoin remains the front end and center of the narrative,” the report said.
Related: Bitcoin becomes a global asset before ‘crypto week’, Amazon: Finance redefines
Ether violates a wider retreat
Although Ether (Ether) is leaked in global cryptocurrency funds (eth) ETP ended their 15th week of net positive inflows, attracting $133 million in investment despite a decline in the second half of the year.
The report attributes continuous inflows of Ether Funds to “strong positive sentiment in assets.”
Crypto funds focus on XRP (XRP), solana (sol) and sui (Sui) also ended the week in the green week, seeing inflows of $31.2 million, $8.8 million and $5.8 million respectively.
Related: Ethereum 10: Wall Street’s Eyes Cryptocurrency Top Companies Eth Holders
On Thursday, U.S. President Donald Trump sign On Thursday, August 7, an executive order imposed a countdown of import tariffs of 15% to 41% on goods in 68 countries.
Stella Zlatareva, dispatch editor for Digital Asset Investment Platform Nexo, said that despite Trump’s tariff orders sending “chills” in the global market, the cryptocurrency market is “recalibrated” rather than malfunction.
She told Cointelegraph, adding: “The digital asset market remains firmly above $3.7 trillion, based on commitments to structural flows, institutional convictions and clear U.S. regulations.
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