Fed official Goolsbee stated that it will be necessary to cut interest rates many times next year and that interest rates should fall significantly.
Spot Bitcoin ETFs in the US saw an increase of $4.5 million on yesterday's trading day. Grayscale saw outflows of $40 million, while Fidelity took in $25 million and BlackRock $11 million. Ether spot ETFs saw an outflow of $80 million, most of which came from the Grayscale fund.
At the time of writing, Bitcoin (BTC) is trading at $63,236 and Ethereum (ETH) is trading at $2,663.
The fear and greed index is neutral at “51”.
Important developments for the day:
My Neighbor Alice (ALICE): The second phase of the beta process will begin.
Flamingo Finance (FLM): Ask for what you want event will take place.
