Locate the bitcoin On Wednesday, the ETFs saw their first daily releases in more than a week, losing a net of $ 51.28 million, while investors reacted to the unexpected prospects of the Federal Reserve on Future Policy.
The exit interrupted a seven -day sequence which had brought in nearly $ 3 billion. The assets under management remain above $ 150 billion, according to Sosovalue data, but the tone on the markets staggered after the president of the Fed, Jerome Powell, underlined the economic uncertainty and reported fewer cups before the merchants hoped.
As expected, the Fed lowered its reference rate of 25 base points, which brought it to a range of 4.00% to 4.25%, during its first drop of the year. But the real surprise came from the updated projections of the central bank, which indicated only two additional cuts in 2025 and less in 2026 than the markets were not evaluated.
At a prudent press conference, Powell warned against “high” inflation and the increase in “downward risks” to employment, hitting a tone that makes traders suspicious. The markets interpreted the movement as a bellicist cut, triggering a mild withdrawal from risk assets.
ETHE Etheum has also seen buybacks, with net outings for a second consecutive day. Withdrawals amounted to 1.89 million dollars after the release of $ 61.7 million the day before.
The prices of cryptocurrencies are higher. Bitcoin increased approximately 0.3% in the last 24 hours while Ether increased by 1.7%. The larger CoindSk 20 (CD20) index increased by 2%.
