U.S. Spot Bitcoin ETFs Experience $381 Million Surge While BTC Holds Ground During TradFi Sell-Off
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant net inflows of $381.4 million on Monday, the largest daily inflow since Jan. 30.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant net inflows of $381.4 million on Monday, the largest daily inflow since Jan. 30.
Wall Street's main indexes jumped at the open on Tuesday, as investors turned their focus to corporate earnings after President Donald Trump's mounting criticism of Federal Reserve Chair Jerome Powell caused a sharp selloff in the previous session. The Dow Jones Industrial Average rose 345.8 points, or 0.91%, at the open to 38,516.23. The S&P 500 rose 49.5 points, or 0.96%, at the open to 5,207.67, while the Nasdaq Composite rose 209.0 points, or 1.32%, to 16,079.94 at the opening bell.
Analysts expressed a high degree of nervousness at the prospect that Powell might be replaced by someone who would give Trump more direct political control over the Fed.
Money market account interest rates today are still well above historical norms. Find out where to get the best money market account rates now.
It's easy to be down on Bitcoin (CRYPTO: BTC) these days. There are two fundamental changes taking place right now in the global financial markets, and Bitcoin is core to both of them. The first major change involves investor perceptions of Bitcoin.
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