💸 FN Market Dynamics Tracking 💸
After the Federal Reserve announced an interest rate cut in the early hours, both cryptocurrency and U.S. stock markets have seen an increase, particularly with strong performance in the altcoin market. Among the top 200 tokens by market cap, $RAY led the way with a 13.7% increase, followed closely by tokens like $ADA and $NEIRO.
ETF Fund Inflows Continue: Recent data on fund inflows is also very significant. On October 30 alone, the net inflow exceeded $890 million, while the inflow on October 29 was $870 million. Inflows on the 15th, 16th, 17th, and 28th all surpassed $450 million, indicating that the demand for purchases from outside the market remains very strong.
Bitcoin Exchange Fund Flow: According to recent trends, the liquidity of Bitcoin on exchanges has seen a disruption, which typically means reduced selling pressure, aiding in price increases. Currently, Bitcoin withdrawals have surpassed a new high for the year, and the increase in stablecoins conveys a similar signal.
Traders predict that after a short-term consolidation, Bitcoin's price is expected to reach $150,000.
