Reserve

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Rise

<ul class="wp-block-list news-points">
 <li>Bitcoin led with $543 million inflows after Powell hinted at possible rate cuts in September.</li>
 <li>Ethereum faced $36M outflows despite new ETFs drawing $3.1B in investments this month.</li>
 <li>U.S. led with $498M in digital asset inflows, reflecting its dominance in the market.</li>
</ul>
Digital asset investments saw a big jump last week with inflows hitting $533 million.
This was the largest influx in five weeks and coincided with Federal Reserve Chair Jerome Powell’s remarks at the <a href="https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm" target="_blank" rel="noopener noreferrer nofollow">Jackson Hole Symposium</a>. Powell’s hint that the first interest rate cut could come as early as September triggered a major market reaction, <a href="https://coinedition.com/bitcoin-halving-cycle-points-to-altcoin-boom-analyst-says/" rel="noopener noreferrer nofollow">particularly for Bitcoin.</a>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="256" height="512" src="https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1.png" alt="" class="wp-image-486392" srcset="https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1.png 256w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-150x300.png 150w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-45x89.png 45w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-223x445.png 223w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-124x247.png 124w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-120x240.png 120w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-83x165.png 83w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-106x211.png 106w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-35x70.png 35w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-3-1-38x75.png 38w" sizes="(max-width: 256px) 100vw, 256px">
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 Source: <a href="https://blog.coinshares.com/volume-197-digital-asset-fund-flows-weekly-report-2a165c7286a7" target="_blank" rel="noopener noreferrer nofollow">Coinshares</a>
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Bitcoin was the clear frontrunner, attracting $543 million in inflows. This underscores how sensitive Bitcoin is to changes in interest rate expectations. Most of these inflows happened on Friday, right after Powell’s dovish comments. This pattern shows Bitcoin’s strong link to macroeconomic indicators and investor sentiment about future monetary policy.
However, Ethereum did not fare as well. The digital asset saw outflows of $36 million last week. While new <a href="https://coinedition.com/decoding-the-ethereum-etf-whats-next-for-crypto/" rel="noopener noreferrer nofollow">Ethereum ETFs</a> have brought in $3.1 billion in inflows …
The post <a href="https://coinedition.com/feds-dovish-tone-fuels-bitcoin-rally-digital-assets-rise/" rel="noopener noreferrer nofollow">Fed’s Dovish Tone Fuels Bitcoin Rally, Digital Assets Rise</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Fed’s Dovish Tone Fuels Bitcoin Rally, Digital Assets Rise

Coin Edition

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