Bitcoin ETF inflows hit weekly lows: Has the bullish streak ended?

Quick Summary:

Investors are caught in a tug-of-war, balancing potential and risk as they await key developments.

According to AMBCrypto, this optimism remains somewhat cautious, driven more by “anticipation” than the actual “execution” of a Fed rate cut.While the U.S.job market shows promise with a decline in the unemployment rate, inflation has made a noticeable comeback.The CPI has risen to 2.7% on a yearly basis, with a slight 0.3% increase in just one month.

Yet, the recent surge that catapulted Bitcoin above $101K—after weeks of fierce back-and-forth between the $94K and $100K price band—has sparked fresh optimism.

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Article Details

Author / Journalist: Ripley G

Category: Crypto

Markets: United States

Topics: Bitcoin Ambcrypto News Trading View Social News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 14:00:48 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 686 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24377814

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 26 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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