Bitcoin (BTC) Records Outflows Following FOMC Meeting; New Ethereum-Based Memecoin Teases Some Excitement For Early Investors

Bitcoin (BTC) has declined on the price charts over the past week, recording significant losses. These losses have come after a hawkish FOMC meeting.

Bitcoin (BTC) price declined on the price charts over the past week, recording significant losses. These losses came after a hawkish-than-expected FOMC meeting forced crypto investors to minimize their exposure to fixed supply assets. As a result, the leading digital asset witnessed outflows of approximately $621 million.

This amount represented the highest outflows since March 22, 2024, when a winter market had engulfed the crypto space.

According to data from CoinShares’ Digital Asset Fund Flows weekly report, Bitcoin shorts witnessed an inflow of $1.8 billion. These low inflows indicate a lack of investor confidence in Bitcoin reversing course and pumping soon.

Interestingly, these losses were centered around Bitcoin, with top altcoins recording notable inflows. Specifically, Ethereum products raked in $13.1 million over the past week. Meanwhile, LIDO and XRP witnessed inflows of $2 million and $1.1 million, respectively. In comparison, the inflows of Chainlink and Litecoin products were each $0.8 million.

On the other hand, several altcoin products recorded outflows, with the largest being Solana, which witnessed outflows of $4.4 million. This brought total outflows to seven out of the 11 products that CoinShares tracks.

Overall, the report highlighted a shift in investor sentiment towards caution and a preference for short-term gains. This strategy aims to capitalize on any potential price rallies before the Federal Reserve pivots to a more dovish stance.

However, the report also noted that the inflows into Ethereum and other altcoins could indicate a belief among some investors that these assets may outperform Bitcoin in the upcoming bull cycle.

As a new week begins, all eyes will be on Bitcoin and whether it can finally break out of its prolonged downtrend and rally towards higher price levels. But will it? Only time will tell.

Meanwhile, Rebel Satoshi, an upcoming meme coin project that takes pride in being the beacon for the underdogs who dare challenge centralization in the crypto market, has seen its mission resonate with the beliefs of crypto enthusiasts.

In addition to capturing investor interest, Rebel Satoshi also stands out from the crowd of conventional memecoins.

For instance, Rebel Satoshi boasts a dual-token structure, which is a rarity among meme coins. Moreover, Rebel Satoshi promises to engage its community, boasting an NFT marketplace, an arcade, and a stake-to-earn program. These features explain why investors are diving headfirst into the public presale of Rebel Satoshi’s RECQ token.

RECQ Presale Surges Past 100% Sold Out In Stage 2

As Rebel Satoshi’s second token and base currency, RECQ is currently available for purchase in Stage 2 of its presale. At the time of writing, the token’s price sits at $0.0044.

This price point means RECQ has surged 120% from the Early Bird Round price of $0.0020. In comparison, Stage 1 investors have realized a 19% profit.

For Stage 2 investors, RECQ promises a 25% when it enters Stage 3 at $0.0055. Moreover, Stage 2 investors will see the value of their holdings increase by 184% when RECQ attains its launch price of $0.0125.

This guaranteed price growth explains why RECQ is quickly becoming one of the best presale memecoins to buy.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

Rebel Satoshi Website | Telegram | Twitter

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-records-outflows-fomc-meeting-ethereumbased-memecoin-teases-excitement-investors.html

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