Investment products in the cryptocurrency sector faced a significant outflow of $584 million, resulting in consecutive losses for the second week in a row. As a result, the overall investment in crypto assets saw a substantial decrease of $1.2 billion during this period. The primary reason behind this decline seems to be the pessimistic sentiment among investors regarding the possibility of interest rate cuts by the Federal Reserve (FED) in the coming months. Investors were discouraged by the anticipation of the FED either maintaining or even increasing interest rates, which led to their decision to withdraw their funds from these products.
