Sun, August 14, 2022

Cryptocurrencies Lose $142 Million – Fed Statement Concern

Cryptocurrencies Lose $142 Million – Fed Statement Concern

Cryptocurrencies Lose $142 Million – Fed Statement Concern

Crypto Asset Funds, including Bitcoin and Etherium, recorded the most significant weekly outflows in four months; A total of $142 million for the week ended December 17. Investors avoided risky assets in light of U.S. Federal Statements.

The outflow of cryptocurrencies could continue into next year. The latest weekly discharge replaces the four-month-long inflow period. This occurs at a time when there has been a significant outflow of all risk assets on the U.S. Federal Reserve’s recent reduction statement; As well as what Bitcoin has lost a fifth of its value; Which was caused by macroeconomic concerns on December 4; The worth of BTC fell to $41,967.5 per session.

The largest cryptocurrency in terms of market capitalization, Bitcoin suffered the most significant blow with an outflow of $89.2 million. Ethereum recorded $63.6 million in outflows. It is worth noting that the total flow of funds this year was in the green zone. To date, investment in digital asset investment funds has totaled $9.4 billion. Bitcoin alone has amassed about $6.4 billion.

Part of some analysts expects that 2022 will be the year of net inflow into cryptocurrencies, despite the small outflow. It is predicted that eventually, Bitcoin, as an intact and fixed delivery asset, will be viewed very positively during the Q.E. release. Consequently, next year we will see far more inflows than outflows.

Expectations and Bitcoin Price

2021 was full of lots of changes for Bitcoin and other cryptocurrencies. This year, BTC conquered the peaks and landed on the bottom, flying and crashing. Expectations, finances, hopes were established; It assumed that It could even reach the 6-digit mark. However, the decline that occurred at the end of the year turned out to be telling. This year, Bitcoin failed to live up to experts who expected more from the popular currency. However, analysts believe that BTC has the potential, as in previous cases, to experience an impressive boom and break new ground. 2022 will be full of lots of surprises. Changes are an integral part of the trade sector, and that’s why.

COMMENTS

8 responses to “Cryptocurrencies Lose $142 Million – Fed Statement Concern”

  1. Max Newman says:

    Poor services

    • (1)
      Support
    • (1)
      Platform
    • (1)
      Spreads
    • (1)
      Trading Instument

    Poor trading services. Will never pay a profit. We have been a victim of their scam.

    Did you find this review helpful? Yes No

  2. Caitlin Balls-Headley says:

    Worst company

    • (1)
      Support
    • (1)
      Platform
    • (1)
      Spreads
    • (1)
      Trading Instument

    Worst trading company. The services are not worth it.

    Did you find this review helpful? Yes No

  3. Paige Harrison says:

    Lose money

    • (1)
      Support
    • (1)
      Platform
    • (1)
      Spreads
    • (1)
      Trading Instument

    I have dealt with them and had the worst nightmare of my life. I have lost so much money.

    Did you find this review helpful? Yes No

  4. Natasha Brand says:

    Evil trading company

    • (1)
      Support
    • (1)
      Platform
    • (1)
      Spreads
    • (1)
      Trading Instument

    Evil trading company. They pretend to be good brokers but they are fake and unregulated.

    Did you find this review helpful? Yes No

  5. Sophia Dexter says:

    Corrupt broker company

    • (1)
      Support
    • (1)
      Platform
    • (1)
      Spreads
    • (1)
      Trading Instument

    The most corrupt trading company. Do not trade with them.

    Did you find this review helpful? Yes No

  6. Caitlyn Loder says:

    Cost-effective trading

    • (4)
      Support
    • (4)
      Platform
    • (4)
      Spreads
    • (4)
      Trading Instument

    Has so many good offers to choose from. I have tried a few instruments and really, I find trading with them very cost-effective.

    Did you find this review helpful? Yes No

  7. Spencer Timperley says:

    Great services

    • (4)
      Support
    • (4)
      Platform
    • (4)
      Spreads
    • (4)
      Trading Instument

    Great services. Happy and satisfied!

    Did you find this review helpful? Yes No

  8. Alica Sadleir says:

    Great trading partner

    • (4)
      Support
    • (4)
      Platform
    • (4)
      Spreads
    • (4)
      Trading Instument

    Great trading partner. They always check on my trades and come up with effective advice.

    Did you find this review helpful? Yes No

Leave a Comment

Your email address will not be published.

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

New Investment Opportunities for deportees in Spain

BinckBank is a Dutch stock-brokerage. It offers an online trading platform to trade financial assets.  The company was founded in 2000. The company was mostly dealing with the professional broker market and banks.

BROKER NEWS