Bitcoin Inflows Reach $543M As Powell Hints At Rate Cuts, Coinsshare Reports

Coinshares, led by researcher James Butterfill, reports a significant increase in bitcoin flows following recent comments from Federal Reserve Chairman Jerome Powell. The increase in investment reflects the market’s response to potential interest rate cuts suggested during the Jackson Hole Symposium. Powell’s comments correlate with $543 million in Bitcoin flow, Coinshares notes according to Coinshares, digital (…)