“Tensions in the Middle East Are Fueling a Flight to Safety, with Traders Rotating Out of Altcoins Into Stablecoins and Bitcoin Amid Uncertya Arundy AROUND US MILITARY ESCALIATION ASCALIATION ASCALIA.”, – WRITE: www.coindesk.com
Slide. (Guentherdillingen/Pixabay)
- Major Cryptocurrencies, Including Xrp, Ada, and Sol, Declined Over 1% AMID ESCALating Middle East Tensions, While Doge Remated Flat But Down Over 10% For The Week.
- SPOT BITCOIN ETFS IN THE US ATTRACTED SIGNFICANT INFLOWS, WITH $ 389 Million in New Purchases, As Investores Seek Refuge from Market Volatility.
- The Federal Reserve Maintaned Interest Rates ButLightd Persent Inflation Risks, Contribution to Market Uncertainty and Affecting Both Equities and Cryptocurrencies.
Xrp
Cardano’s Ada
and Solana’s Sol
lost over 1% in the past 24 hours, while dogecoin
is Flat on the day But Down Over 10% for the Week, Wiping Out It Early June Rally. Ether
LOST 0.7%, reversing all gains from earlier in the week.
As Such, Spot Bitcoin
Exchange-Traded Funds (ETFS) in the US Continued to Attract Inflows, with Over $ 389 Million in Fresh Buys on Wednesday, Data Shows. SPOT ETH ETFS RACED UP $ 19 Million in Positive Flows.
USA officials are reportedly weighing a direct Strike on Iran, While the Federal Reserve Flagged a More Persenti Inflation Outlook, Spooking Investors and Pushing Equities, Crytors Choppy Waters.
Fed Chair Jerome Powell Warned on Wednesday that Tariffs and Global Conflict Could Make It Harder To Tame Inflation. While the Central Bank Held Rats Steady, Powell Said the Cost of Tariffs “Will Fall on the End Consumer,” and that Fed Needs to “See More” Before Cutting.
Altcoins, Considered Higher-Risk Bets, Are Typical The First To Get Dumped in Times of Macro Stress.
Bitcoin Continues to Remains Rangebound. While The Largest Cryptocurrency Has Climbed 13% Year-To-Date, Buoyed By Inflows and Dollar Weakness, IT HASN’T ACATED DECISIVELY
“Bitcoin Sems Stuck Between Two Worlds,” SAID FXPRO Analyst Alex Kuptsikevich. “IT’S NOT REACTING TO RISING RISK APPETITE, NOR SURING LIKE GOLD Dringing Heighted Conflict.”
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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