XRP News Today: XRP Surges 15% Amid Legal Battles as BTC Holds $90k
US BTC-Spot ETFs Market Sees Outflows Amid Fed Rate Uncertainty
Turning to BTC, the US BTC-spot ETF market continued to react to sentiment toward the Fed rate path.
On Thursday, the US BTC-spot ETF market reported net outflows of $400.7 million, ending a six-day inflow streak. Outflows continued on Friday as markets lowered their bets on a December Fed rate cut. According to the CME FedWatch Tool, the chances of a December Fed rate cut fell from 72.2 on November 14 to 61.9% on November 15.
Fed Chair Jerome Powell’s comments, calling for caution on further policy moves until greater economic clarity, contributed to the shift in sentiment. This week, US producer prices rose above forecasts, reinforcing a…
