Bitcoin attracted the most significant inflows of $284 million, while short-bitcoin investment products also gained interest.
However, Ethereum faced outflows for the fifth consecutive week, totaling $29 million.
The digital asset market rallied last week, recording a
substantial influx of $321 million in investments. This upward trend followed the Federal Open Market Committee's (FOMC) surprising 50 basis
point interest rate cut.
Rising Bitcoin Inflows
According to CoinShares' weekly report, Bitcoin was
the standout performer, attracting $284 million in inflows. The combination of
the rate cut and recent price movements sparked heightened interest in
short-bitcoin investment products, which garnered $5.1 million.
In contrast, Ethereum has not fared well. The
second-largest digital asset recorded outflows for the fifth consecutive week,
totaling $29 million. Persistent withdrawals from the Grayscale Trust and
minimal support from newly launched ETFs reportedly contributed to Ethereum's
ongoing decline.
Regionally, the United States led the charge with $277
million in inflows, while Switzerland marked its second-largest weekly inflows
of the year at $63 million. However, Germany, Sweden, and Canada faced outflows
of $9.5 million, $7.8 million, and $2.3 million, respectively, indicating a
more cautious approach in those markets.
Emerging Trends
While Bitcoin continues to dominate the inflow
narrative, Solana has shown resilience, attracting consistent small inflows of
$3.2 million last week. As the digital asset landscape evolves, the impact of
monetary policy shifts and investor behavior could be important in impacting
the inflows in the digital asset space.
Notably, the crypto asset space experienced a substantial sell-off last month, reaching the lowest price levels since the
start of the year. Bitcoin lost 25% of its total value in just four days,
declining by $320 billion due to a sudden change in market sentiment. The change in market sentiment was reportedly caused by a deteriorating stock market condition, with which crypto assets are highly correlated.
Last week, the US Federal Reserve reduced interest rates by half a percentage point, marking the first reduction since 2020. This
step, contrasting common quarter-point adjustments, came amid the regulatorโs
concerns about inflation rates.
The reduction followed more than two years of
substantial interest rate hikes aimed at curbing inflation rates, which jumped
to 7% in 2022 before dropping to 2.5% this year. The central bankโs
announcement echoed optimism of taming inflation towards a 2% target.
The digital asset market rallied last week, recording a
substantial influx of $321 million in investments. This upward trend followed the Federal Open Market Committee's (FOMC) surprising 50 basis
point interest rate cut.
Rising Bitcoin Inflows
According to CoinShares' weekly report, Bitcoin was
the standout performer, attracting $284 million in inflows. The combination of
the rate cut and recent price movements sparked heightened interest in
short-bitcoin investment products, which garnered $5.1 million.
In contrast, Ethereum has not fared well. The
second-largest digital asset recorded outflows for the fifth consecutive week,
totaling $29 million. Persistent withdrawals from the Grayscale Trust and
minimal support from newly launched ETFs reportedly contributed to Ethereum's
ongoing decline.
Regionally, the United States led the charge with $277
million in inflows, while Switzerland marked its second-largest weekly inflows
of the year at $63 million. However, Germany, Sweden, and Canada faced outflows
of $9.5 million, $7.8 million, and $2.3 million, respectively, indicating a
more cautious approach in those markets.
Emerging Trends
While Bitcoin continues to dominate the inflow
narrative, Solana has shown resilience, attracting consistent small inflows of
$3.2 million last week. As the digital asset landscape evolves, the impact of
monetary policy shifts and investor behavior could be important in impacting
the inflows in the digital asset space.
Notably, the crypto asset space experienced a substantial sell-off last month, reaching the lowest price levels since the
start of the year. Bitcoin lost 25% of its total value in just four days,
declining by $320 billion due to a sudden change in market sentiment. The change in market sentiment was reportedly caused by a deteriorating stock market condition, with which crypto assets are highly correlated.
Last week, the US Federal Reserve reduced interest rates by half a percentage point, marking the first reduction since 2020. This
step, contrasting common quarter-point adjustments, came amid the regulatorโs
concerns about inflation rates.
The reduction followed more than two years of
substantial interest rate hikes aimed at curbing inflation rates, which jumped
to 7% in 2022 before dropping to 2.5% this year. The central bankโs
announcement echoed optimism of taming inflation towards a 2% target.
Kyrgyzstan's Crypto Mining Tax Revenue Halves to $535K in 2024
How Modern Consumer Habits Are Transforming Global Payments
How Modern Consumer Habits Are Transforming Global Payments
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24
Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24
Fintech Talent in the UK: The Human Factor Driving Industry Change ๐
What does it take to attract, retain, and upskill the best fintech talent in todayโs rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industryโwithout replacing the human touch.
#fmls #fmls24 #fmevents #recruitment #financialcareers
๐ฃ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage.
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Fintech Talent in the UK: The Human Factor Driving Industry Change ๐
What does it take to attract, retain, and upskill the best fintech talent in todayโs rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industryโwithout replacing the human touch.
#fmls #fmls24 #fmevents #recruitment #financialcareers
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Executive Interview with Roberto Politano | Innovate Finance | FMLS:24
Executive Interview with Roberto Politano | Innovate Finance | FMLS:24
Executive Interview with Roberto Politano from Innovate Finance at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Roberto Politano from Innovate Finance at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation
๐ฃ Stay updated with the latest in finance and trading!
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