
Crypto Investments: Bullish or Bearish?
24.09.2024
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19The crypto investment landscape is experiencing volatility. Over the past week, net inflows reached $321 million, influenced by the Fed's decision to cut rates by 50 basis points. Bitcoin led the charge with $284 million, while the US dominated with $277 million in inflows, followed by Switzerland's impressive $63 million.
Market sentiment is driven by macro factors and political support. Kamala Harris' endorsement of the crypto sector boosted Bitcoin by 12% in a week. Ethereum, however, faces outflows of $29 million, while Solana remains stable with $3.2 million inflows.
Investors hedge risks with Bitcoin shorts at $5.1 million. QCP Capital offers a capital-protected product with a 96% annual yield. The crypto market is poised for growth, but investors must navigate risks.