Institutional Investors Exits $100M From US Crypto Funds

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Bitcoin (BTC) values are in a free fall and this can be largely blamed upon increasingly hawkish monetary policy which is in the offing due to surging inflation.

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The US Inflation rates have reached levels not seen since 1981. Therefore the market is bracing for some tough action to control the surging 8.6% inflation. [{ "selector": ".rimmf-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-371.88640275387263px)", "opacity": 1}, {"offset": 1, "transform": "translateX(0)", "opacity": 1} ] }, { "selector": ".opepz-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 226px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".zpjmp-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-404px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".etutt-a", "duration": "250ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".nluil-a", "duration": "250ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

Traders are expecting The Federal Reserve to bring forth three more 0.5% rate hikes by the end of November. [{ "selector": ".lowot-a", "duration": "250ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

As per the data obtained from CoinShares’ weekly Digital Asset Fund Flows report, investors in America have pumped out $98 million, while Europe accounted for just $2 million. [{ "selector": ".juiux-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - -164px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".cojlp-a", "duration": "250ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

The Number One and Number two crypto coins- Bitcoin (BTC) and Ethereum (ETH) were the most affected by the flight of capital. [{ "selector": ".nqkid-a", "duration": "250ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".lpcns-a", "duration": "250ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

Funds worth $56.8 million was withdrawn from Bitcoin (BTC) coffers while Ethereum (ETH) lost $40.7 million. [{ "selector": ".xublj-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-371.88640275387263px)", "opacity": 1}, {"offset": 1, "transform": "translateX(0)", "opacity": 1} ] }, { "selector": ".lnjpb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 226px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".jnztq-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-404px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qluoj-a", "duration": "250ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".qbpcx-a", "duration": "250ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

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Institutional Investors Exits $100M From US Crypto Funds

Bitcoin (BTC) In A Free Fall,

Bitcoin (BTC) values are in a free fall and this can be largely blamed upon increasingly hawkish monetary policy which is in the offing due to surging inflation.

MANOJ NAIR

Bitcoin Values In A Free Fall

Bitcoin And Ethereum Contributed To Bulk Of Crypto Funds Flight

THANKS FOR
READING!

FIND MORE

Institutional Investors Exits $100M From US Crypto Funds

Bitcoin (BTC) In A Free Fall,

Bitcoin (BTC) values are in a free fall and this can be largely blamed upon increasingly hawkish monetary policy which is in the offing due to surging inflation.

MANOJ NAIR

Bitcoin Values In A Free Fall

Bitcoin And Ethereum Contributed To Bulk Of Crypto Funds Flight

THANKS FOR READING!

FIND MORE

THANKS FOR
READING!