Interest rate worries halt Bitcoin ETF inflows
Large outflows from Bitcoin funds traded on exchanges in the United States indicate a weak recovery in the cryptocurrency market. These outflows exceeded $465 million on July 23 and 24, following a streak of seven consecutive days of inflows. This withdrawal is attributed to concerns over the Federal Reserve potentially raising interest rates, as well as legislative anticipation surrounding the "Clarity" law, which regulates the cryptocurrency market and is expected to accelerate rate hikes. Despite Bitcoin's price volatility, surpassing $65,000 at the start of the week, institutional sentiment remains fragile, and legislative tensions are dampening market confidence. Investors continue to take profits, and prices are partly declining due to global economic concerns and regional tensions.
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