Digital Asset Funds Surge with $921 Million Inflow Driven by US Inflation Cooling

Last week saw a significant surge in digital asset fund inflows, reaching a remarkable $921 million according to CoinShares. This influx was driven by lower-than-anticipated Consumer Price Index (CPI) data released in the United States, suggesting easing inflationary pressures and encouraging investor optimism. The news bolstered expectations that the Federal Reserve may pause further interest rate hikes, leading to greater confidence in riskier assets like cryptocurrencies. 📈