Matrixport: New fiat currency inflows into the crypto market may be an early layout for the Fed's expected rate cuts in September

ChainCatcher news, Matrixport's latest report indicates that after last Monday's sharp decline, Bitcoin prices have rebounded. Although funds for Bitcoin spot ETFs are still flowing out, some have taken the opportunity to buy on the dip, as evidenced by the recovery of the 30-day minting ratio (in black). This suggests that new fiat money is flowing into the crypto market, with investors taking advantage of low prices or positioning themselves ahead of the expected interest rate cuts by the Federal Reserve in September.