TheNewsCrypto

Bitcoin ETFs saw a reversal with $88.04 million net inflows on February 20 after three days of outflows totaling $403.90 million. IBIT and FBTC led the inflows while many ETFs remained inactive. The four-week outflow reached $2.48 billion.

In January, cryptocurrency scams and exploits totaled $370.3 million, the highest in 11 months. Uniswap's CEO warned of fraudulent ads imitating their platform, highlighting a user who lost everything due to such scams. The situation underscores ongoing risks in crypto investments.

Bloomberg Analyst Mike McGlone has revised his BTC price prediction from $10k to $28k, citing several factors despite facing criticism. BTC is currently up 1.51%, trading at $67,471.96.

The US has reduced tariffs on Indonesia from 32% to 19%, aligning with other countries' rates. This may indicate a softer stance on tariffs by the Trump Administration and could positively influence the crypto market, which has seen a recent increase in market cap.

Investors are transitioning from DeFi to tokenized real-world assets amid market weakness, reflecting caution rather than exiting crypto. Tokenized assets offer lower risk and stable returns, attracting investors seeking security.

US economic growth may have slowed in Q4 due to reduced consumer spending amid a government shutdown. Meanwhile, cryptocurrencies are in a downtrend, with ongoing market uncertainty influenced by widening trade deficits.

U.S.-based Bitcoin and Ethereum ETFs experienced significant outflows totaling $175.1 million, primarily driven by BlackRock funds. In contrast, Solana ETFs saw small inflows, while XRP ETFs continued to see withdrawals.

FOMC minutes suggest a potential rate hike despite inflation dropping to 2.40%. The current federal rate is unchanged at 3.50%-3.75%, while the crypto market lost 1.55% in value amid concerns over investor appetite.