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Analysis: US Bond Market Funds May Drive New Round of Cryptocurrency Price Increases
Summary: According to CoinDesk, the total size of the US money market fund has increased to $7.26 trillion. Analysts suggest that if the Federal Reserve lowers interest rates, some funds may flow from the money market to stocks and cryptocurrencies. Coinbase research director David Duong stated that retail funds are expected to enter risky assets like ...
According to CoinDesk, the total size of the US money market fund has increased to $7.26 trillion. Analysts suggest that if the Federal Reserve lowers interest rates, some funds may flow from the money market to stocks and cryptocurrencies. Coinbase research director David Duong stated that retail funds are expected to enter risky assets like cryptocurrencies after interest rate cuts. Cresset chief strategist Jack Ablin noted that if yields drop below 4%, investors may shift cash to stocks and cryptocurrencies. Fund flows depend on the economic environment and the extent of interest rate cuts.
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Link: Analysis: US Bond Market Funds May Drive New Round of Cryptocurrency Price Increases [Copy]
