Macro pressure causing massive outflows
CoinShares reported 434 million dollars in crypto fund outflows after US inflation hit 3.7 percent. Strong retail sales are fueling fears of more Fed rate hikes, causing investors to pull back.
#CoinShares #FedRateHikes
CoinShares reported 434 million dollars in crypto fund outflows after US inflation hit 3.7 percent. Strong retail sales are fueling fears of more Fed rate hikes, causing investors to pull back.
#CoinShares #FedRateHikes