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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-06 15:55:20

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin ETFs Gain Record Inflows as Rate Cut Expectations Grow =============== ...

Bitcoin ETFs Gain Record Inflows as Rate Cut Expectations Grow
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#4b5de303 ver:0.73

Bitcoin ETFs are attracting record inflows as expectations of rate cuts grow. Approval of spot Bitcoin ETFs in the US and weak economic data have boosted institutional interest in Bitcoin, pushing its price to near $71k. Altcoins also saw gains. Investors are optimistic about lower interest rates, with central banks in Europe and Canada cutting rates. Bitcoin is now just $3k away from its record high in March. #Bitcoin #ETFs #ratecuts...

#newstr #Bitcoin #Etfs #Investors #FedRateCuts #CentralBanks #Economy

https://here.news/story/4b5de303?ver=0.73
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