Matrixport: New fiat money flowing into the crypto market, or ahead of the expected interest rate cut by the Federal Reserve in September
2024-08-12 07:13:36
Matrixport latest reports notes Monday storm bitcoin price rebounddesk3cryptocurrencydesktopCrypto News
The latest report from Matrixport pointed out that after the slump last Monday, the price of bitcoin rebounded. Although bitcoin spot ETF funds are still flowing out, some people took the opportunity to buy on the dip, which is evident from the 30-day mintage ratio (black) recovery. This shows that new fiat money has flowed into the crypto market, and investors are taking advantage of low prices, or in advance of the expected interest rate cut by the Federal Reserve in September.
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