📉 The Main Reason For Bitcoin's Fall

Cryptocurrency investment products have seen large outflows amid strong economic reports in the US.

🔽 The crypto market saw outflows totaling $305 million last week, driven by stronger-than-expected U.S. economic data, according to a report from CoinShares.

The report said that from August 24 to 31, US investors were the main sellers of investment products, with outflows amounting to $318 million.

🇺🇸 The recent PCE index rose 0.2% on the month and is up 2.5% from the same period last year.

This positive data reduced the probability of a 50 bp interest rate cut.