💵 Why did bitcoin fall?
Over the past 24 hours, the first cryptocurrency lost more than 3% in value.
📉 According to analysts, one of the reasons for the decline was a net outflow of $64.9 million from spot BTC-ETFs on June 10. This was the first cumulative net outflow in more than 19 trading days.
The crypto market could also be pressured by expectations ahead of important events this week - the publication of U.S. inflation data on June 11 and the Fed meeting on June 12.
🔼 Market participants do not expect interest rates to fall, predicting them to remain at 5.25-5.5%, but may be wary of the Fed chief's speech.
