Global Stock News

Hawkish Fed Stance Deters Investors from Crypto Market

Hawkish Fed Stance Deters Investors from Crypto Market


Hawkish Fed Stance Deters Investors from Crypto Market

Investors put $230 million into crypto products, much lower than previous weeks, CoinShares reported.

Between March 16 and 20, market participants invested $230 million in cryptocurrency investment products, significantly lower than in previous weeks, according to a report by CoinShares

imageimage
Weekly inflow dynamics into crypto funds. Source: CoinShares.

Analysts attribute the negative trend to the March 18 meeting of the Fed, during which the regulator maintained the key rate in the range of 3.5-3.75%….

Source link

Share this article

Scroll to Top