- Spotlight Data: Bitcoin, Ethereum, and XRP Reactions to Cautious Federal Reserve Rate Hike Cut:


The Federal Reserve proceeded with the widely anticipated rate cut, bringing the benchmark lending rate to a range of 3.50%-3.75% on Wednesday, but Bitcoin responded with a decline to its intraday low of $89,389 on Thursday.

Although the rate cut was in line with expectations, it was characterized by a cautious tone. Federal Reserve Chair Jerome Powell emphasized risks of rising inflation and a slowing labor market as factors supporting a reduction in the number of rate cuts next year.

The hawkish stance dampened hopes for broad monetary easing, prompting investors to take early profits and slow down the pace of gains. The Fed Watch tool indicates that interest rate traders expect the central bank to hold rates steady in January, with only a 20% chance of further easing to a range of 3.25% to 3.50%.

FedWatch Tool: Source: CME Group

- Ethereum Flows Rise Despite Gloomy Outlook:
Spot Bitcoin ETF funds recorded net inflows of approximately $225 million on Wednesday, ignoring macroeconomic uncertainty. This marks the second consecutive day of inflows, led by BlackRock's IBIT fund, which saw flows of around $193 million.

The total accumulated inflows currently stand at $57.93 billion, with net assets of $122.43 billion, according to SoSoValue data.

Bitcoin ETF Statistics | Source: SoSoValue

Spot Ethereum ETF funds listed in the United States recorded cash inflows of about $58 million on Wednesday. The largest altcoin by market cap has raised $13.15 billion from the total ETF volume, with net assets of $21.43 billion. These ongoing cash flows are expected to boost positive sentiment and increase demand for Ethereum ahead of the new year.

Ethereum ETF Statistics | Source: SoSoValue

Meanwhile, spot XRP ETFs saw cash inflows of $10 million on Wednesday, a slight improvement from $9 million the day before. Since their launch on November 13, XRP ETFs have not experienced any outflows, with total inflows of $954 million and net assets of $940 million.

XRP ETF Trading Fund Statistics | Source: SoSoValue
XRP-0.74%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • 1
  • Share
Comment
0/400
Before00zerovip
· 22h ago
Pin
Bitcoin (BTC) is trading above $90,000 as of the time of writing this report on Thursday, influenced by a general decline in risk appetite in the cryptocurrency market. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also experiencing decreases in value despite the US Federal Reserve's rate cut on Wednesday.
View OriginalReply0
Liartzquarvip
· 3h ago
A beautiful beginning starts from this moment,, a fresh breeze is coming in 2026
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)