BTC is little changed in the last 24 hours, while the broader crypto market has risen just over 0.85%, as measured by the CoinDesk 20 Index. A week on from the Fed's first interest-rate cut in four years, traders are optimistic that the move will create a snowball effect with other central banks taking similar steps. “It’s becoming clear that the Fed has finally started its rate cut cycle, removing such concerns.
More importantly, the inflows were equivalent to 2,132 BTC, according to data by HeyApollo, which represents nearly five times the daily mined supply being removed from the market. Ether ETFs recorded $62.5 million in total inflows, the third-largest day for ether ETF inflows since their launch. This rebound came just a day after Ether ETFs saw their largest outflows since July.
The platform offers tokenized assets, such as securities, funds and money market instruments in a regulated digital trading venue. Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to ensure the process is fast and efficient.
The chart shows the ratio between the U.S. Conference Board's leading and lagging economic indicators since 1958. The ratio has tanked to a record low in a slide reminiscent of the previous eight meltdowns that portended recessions.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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