Strong Indicators Show US Investors Are Backing Bitcoin Again

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The BTC ETFs saw their best day in over a month on Friday.

The landscape around bitcoin after the last FOMC meeting for 2024 in the US turned upside down, with local investors pulling funds out of the ETFs and the Coinbase Premium Index declining to yearly lows.

However, on-chain data shows that US investors are back on the BTC front, with massive accumulations.

During the aforementioned meeting at the highest levels in the US central bank, Fed Chair Jerome Powell warned that there might be fewer or even no rate cuts in 2025 due to rising inflation. US investors reacted immediately and started pulling funds out of riskier assets like BTC and crypto.

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