Crypto Market Surges as FED Rate Cut Sparks Inflows

CoinShares' latest report indicates that the crypto market has seen its second consecutive week of inflows, driven in part by the FOMC's first interest rate cut since 2020. For the week ending September 23, inflows totaled $321 million, with the U.S. contributing $277 million. While Brazil had modest inflows and Australia reported none, European countries like Germany and Sweden faced outflows. Bitcoin led with $284 million in inflows, while Ethereum continued to experience outflows. Jean-David Pequignot from OSL noted that traditional monetary policy significantly influences digital assets, as rate cuts typically boost risky investments like cryptocurrencies. If you enjoyed this video, please like and follow!