Inflows Of $932 Million Experienced in Digital Asset Investment Products After CPI Statement Was Released

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Over the last two weeks, the cryptocurrency industry and other investment options in digital assets have seen significant inflows. These inflows when put together, summed up to about $932 million.

As soon as the Consumer Price Index (CPI) statement, was made public on the 15th of May 2024; there was remarkable inflows in digital assets investment options. The CPI statement, was lower than what experts had predicted.

About 90% of the inflows, came from the last three days of trading of last week. This shows that there's a significant relationship between the expectations of interest rates, and the value of Bitcoin.

However, trading volumes did not experience any surge, and was low at about $10.5 billion for last week, in comparison to trading volumes in March 2024; of about $40 billion. About $1.002 billion of the total inflows was from the United States, showing the regional dominance of the United States in last week's market.