The cryptocurrencies They return to negative field this Wednesday, on a day marked by the profits and uncertainty about the monetary policy of the Federal Reserve (Fed) American.
He Bitcoin (BTC)the main active crypto of the market trades around US $ 113,000, A fall of about 4%compared to the almost US $ 118,000 to which it reached at the end of last week.
For its part, Ethereum (eth) It showed a weaker behavior, with a daily drop close to 0.4% that places it below US $ 4,170.
Seller pressure also extends to the universe of Altcoinswhere generalized descents are recorded, although not very pronounced, being Hyperliquid the largest correction, with 3.3%. The exception is BNBwhich rises 1% in the last 24 hours.
Massive outputs of cryptocurrency ETFs
Price setback coincided with outstanding outputs in the quoted funds (ETF) of cryptocurrencies in cash. Bitcoin ETFs accumulated two consecutive days of net negative flows for a total of US $ 500 millionwhile The ETF of Ethereum registered exits for more than US $ 200 million in the same period.
These movements reflect the nervousness of institutional investors before mixed signals from the US economy and the POSP position.
Powell warns about a “risks -free path”
The president of the Federal Reserve, Jerome Powellit generated caution again in the markets by reiterating that The current economic situation is “challenging” and that “there is no way free of risk”. In public statements, Powell described the current monetary position as “modestly restrictive”which leaves the Fed “well positioned to respond to possible economic developments.”
The words of the official reinforced the signals sent last week, when the Central Bank reduced interest rates, but warned about the weakness of the labor market and persistent inflation. Some members of the Board of Directors consider that there is not much margin to continue reducing ratesas transcended in the American press.
Investors await the data of PCE inflationwhich will be known this Friday next to the weekly unemployment report and the final review of the GDP of the second quarter. The favorite Fed indicator could show a rebound of a tenth percentage to 2.7%according to Powell’s projections and market operators.
Tether in search of US $ 20,000 million
On the business front, Tetherthe largest stable issuer in the world, could be evaluating a collection of U $20,000 million in exchange for 3% of its capital. This operation would place the company in the same league as technological giants such as Openai or Spacex.
The USDT stable maintains a capitalization superior to U $ S172,000 millionmore than double the US $ 74,000 million of its main competitor, USDC.
During the second quarter, Tether reported net profits for US $ 4,900 million And keep more than U $ S162.5 billion In reservations, including approximately U $ 8.9 billion In Bitcoin.
Source: Ambito
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