Analysis: $7 Trillion Money Market Fund Reserves Could Fuel Next Crypto Market Rally
BlockBeats News, September 9th. According to the Investment Company Institute (ICI) data, as of the week ending September 3rd, the total assets of U.S. money market funds increased by $52.37 billion, reaching a historical high of $7.26 trillion. Analysts believe that this huge influx of funds may drive the next round of rally for Bitcoin and other altcoins.
Coinbase's Institutional Research Director, David Duong, stated that as the Federal Reserve further cuts interest rates, retail funds may flow from money market funds to stocks, cryptocurrencies, and other assets. Jack Ablin, Chief Investment Officer at Cresset, pointed out that if the money market fund yield decreases from 4.5% to 4.25% or 4%, investors will reallocate funds to stocks and cryptocurrencies.
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Ethereum Dips Below $2900
SOL Scende di prezzo a breve termine sotto i 130$
Powell Dimissioni Voci che emergono di nuovo? Pronuncerà il discorso martedì mattina
Una certa balena è andata 10 volte long su HYPE, con un valore di posizione superiore a 19 milioni di dollari, e un prezzo di liquidazione di 25,724 dollari
L'indice Nikkei 225 registra un calo intraday dell'1,00%, mentre l'indice KOSPI della Corea del Sud sale dello 0,15%
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]