Digital asset investment products have seen substantial outflows totaling $ 600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares …
Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted the central bank is “not confident” its restrictive policies have sufficed. Federal Reserve Chair Admits […]
Gold prices are wrapping up the week by plummeting to a nine-month low, with the price per ounce descending to $ 1,858 on Thursday. Transitioning into Friday, gold is changing hands at $ 1,870 per ounce, marking a decline of 2.8% over the trailing five days. Concurrently, bitcoin (BTC) prices leaped on Thursday, …