Crypto markets have experienced significant outflows, amounting to $147 million last week, disrupting a series of positive investment flows that had persisted since September 9. This shift in market sentiment is largely attributed to signs of a thriving US economy, which has tempered expectations for substantial rate cuts from the Federal Reserve.
The latest report from CoinShares highlights that Bitcoin led the charge in negative flows, with an outflow of $159 million. Ethereum (ETH) also faced outflows, totaling $28.9 million. The data indicates that the US has been the primary driver of these outflows based on regional metrics.
The shift in sentiment within crypto markets reflects broader economic trends. As the US economy shows strength, the previously concentrated expectations regarding interest rate cuts from the Fed have begun to diminish, signaling potential changes in investment strategies moving forward.
