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CoinShares: Cryptocurrency market recorded a net outflow of $920 million this week

MeNews
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ME News, May 15 (UTC+8). This week, the cryptocurrency market saw a net outflow of $920 million, and the overall short-term trend continues to be influenced by macroeconomic factors. As PPI came in higher than expected and the US-Iran conflict pushed oil prices up, it limited the Federal Reserve’s ability to cut interest rates, causing Bitcoin to fall 1.4% this week. At the same time, the US Senate Banking Committee passed the Clarity Act with 15 votes in favor and 9 against, providing a clearer outlook for the long-term regulation of cryptocurrencies. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressure and long-term regulatory positive signals. (Source: MLion)
BTC-0.59%
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GateUser-eb706989
· 23h ago
When macroeconomic data is released, the market jitters again.
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MintCondition
· 23h ago
A 1.4% decline is considered gentle in crypto.
View OriginalReply0
OldKeyboardTraitor
· 23h ago
The game between macroeconomics and regulation, this will likely play out repeatedly over the next half year.
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Stop-LossForBluePeony
· 23h ago
In the long run, focus on the clarity of the legislation; in the short term, watch Powell's facial expressions. It's an old script.
View OriginalReply0
FrictionlessFred
· 23h ago
Funds are flowing out but there's no collapse, indicating that the chips are changing hands.
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MintedAtDawn
· 23h ago
The US-Iran conflict, this black swan, causes chaos in the oil market and the crypto world struggles to catch its breath.
View OriginalReply0
ExitLiquidityCupid
· 23h ago
The implementation of the regulatory framework is a hundred times more important than price fluctuations.
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