BITCOIN ETF: $49 MILLION USD NET FLOW CAUSES WEEKEND FRENZYWelcome to our financial bulletin! Once again, the cryptocurrency market has become the center of attention with the emergence of a staggering net inflow in the Bitcoin ETF sector.
The inception of a Bitcoin ETF has provided a positive shock to investors. Over the past weekend, a net flow of $49 million USD was recorded, prompting the entire market to pause and ponder the implications of this event.
Net flows have consistently poured into Bitcoin ETF funds for 13 consecutive trading days, indicating a positive upward trend.
However, I predict that the Federal Reserve's interest rate cuts may lead to cautious evaluations and keep the cryptocurrency market sideways. And Bitcoin is currently at a crucial support level, if this support level is breached, the market will witness a significant decline in Bitcoin prices.
Thank you all for tuning in to our news. Stay tuned for the latest and most accurate updates.