Bitcoin ETF Inflows Defy September Trends
In an unexpected turn of events, Bitcoin ETFs experienced over $1 billion in inflows last week, marking a significant milestone in the cryptocurrency market. This development is surprising given September's historical trend, where Bitcoin typically experiences a downturn, averaging a 3.7% drop. This year, however, Bitcoin closed the week ending September 29 with a 3.2% rise, at $65,618. Analysts suggest this may be linked to easing global monetary policies, where 21 rate cuts were implemented in September alone.
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