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MONEY MARKET FUND ASSETS HAVE
NOW REACHED A NEW ATH OF $6.24
TRILLION.
WHAT IS A MONEY MARKET FUND?
A MONEY MARKET FUND IS A KIND
OF MUTUAL FUND THAT INVESTS
IN HIGHLY LIQUID AND NEAR-TERM
INSTRUMENTS LIKE CASH, CASH
EQUIVALENT SECURITIES LIKE US
TREASURIES.
RIGHT NOW, THESE ASSETS ARE
EARNING RISK FREE 5%-5.5% YIELD
DUE TO HIGH INTEREST RATES
BUT SOMETHING WILL CHANGE
SOON
THE FED WILL START RATE CUTS
FROM THE NEXT MONTH
IT IS EXPECTED THAT THE FED WILL
DO AT LEAST 5 RATE CUTS TILL
MARCH 2025
TRILLIONS OF DOLLARS SITTING
INTO MONEY MARKET FUNDS WILL
ENTER INTO STOCKS AND CRYPTO
PUSHING THE PRICES TO NEW HIGHS
$BTC #MarketUpdate #Bitcoin #BinanceBlockChainWeek $BTC $ETH