Almost $100M exits US crypto funds in anticipation of hawkish monetary policy -Breaking
Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation of hawkish monetary policy’ from the U.S. Federal Reserve according to CoinShares.
The U.S. inflation rate was 8.6% in May. This is a significant increase from 1981. The market expects the Fed to make significant efforts to reduce inflation. Some traders are anticipating this. Pricing in 3 more rate increases of 0.5%By October