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Bloomberg: Powell's change of stance and ETF inflows driving BTC to touch 65,000 dollars
BlockBeats news, on August 26, according to Bloomberg, BTC hit $65,000 for the first time in about three weeks, benefiting from the recovery of demand for US ETFs and signs that the Federal Reserve will soon ease monetary policy. BTC pumped 7.4% last week, the biggest increase since mid-July. Federal Reserve Chairman Jerome Powell made it clear last Friday that the Fed is preparing to lower the federal funds interest rate from its highest level in over 20 years, which suggests a more favorable liquidity environment for the global market. Bloomberg data shows that Powell’s signal pushed net inflows of $252 million into 12 US Spot BTC ETFs, the highest level in more than a month. These funds have attracted capital inflows for seven consecutive days.