๐ฐ Cryptocurrency market value dropped from $2.34 trillion to $2.20 trillion ๐
๐ธ Massive million-dollar liquidations occurred, with an additional $470 million liquidated ๐ป
๐ฐ Bitcoin price fell to $57,000, down 9% in 24 hours and 13% in a week โฌ๏ธ
๐จ Crypto Fear and Greed Index dropped from 67 (greed) to 54 (neutral) in a day ๐
๐ Investors predict BTC price may drop further to $47,000 ๐ญ
๐บ๐ธ Fears of high US interest rates ahead of Fed's May 1 decision led to decline in Bitcoin and crypto prices ๐
๐ฆ Hawkish signals suggest Fed may not change interest rates from 5.25-5.50% ๐ฆ
๐น Latest PCE data shows inflationary pressures, with GDP growth of 1.6% indicating stagflation ๐
๐ Prediction market forecasts only one Fed interest rate cut this year, negative for crypto prices ๐ธ
๐ต US Dollar Index hits six-month high at 106.45, impacting Bitcoin price ๐
๐ US 10-year Treasury yield rises to 4.688%, adding to inflationary pressure on Bitcoin ๐น
๐ Bitcoin ETFs experiencing outflows, with $161 million outflow from US spot BTC ETF ๐
๐ผ Institutional investors losing hope in Bitcoin ETFs, leading to low trading volumes in Hong Kong ETFs ๐
