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@cryptowitch
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Bitcoin's price is crashing today due to the following reasons ¹ ² ³ ⁴:
- *DTC denies collateral for crypto-linked ETFs*: The Depository Trust Company's (DTC) decision not to recognize crypto-linked exchange-traded funds (ETFs) as collateral for line-of-credit facilities has led to a decline in the valuation of the cryptocurrency market.
- *Bitcoin ETF outflows continue*: The U.S.-based spot Bitcoin ETFs have witnessed $421.8 million worth of outflows since April 24, contributing to a 4.75% drop in the crypto market capitalization.
- *Technical correction trend*: The crypto market's decline today is part of a correction trend that began on March 14, when the market valuation peaked for the session at around $2.721 trillion.
- *Federal Reserve's interest rate decision*: The Federal Reserve's decision to keep interest rates unchanged at 5.25%-5.50% has led to fears of higher-for-longer U.S. interest rates, causing a decline in Bitcoin and crypto prices.
- *Persistent inflationary pressures*: The recent PCE data indicated persistent inflationary pressures and Q1 GDP growth of 1.6% showed stagflation, leading to a correction in the crypto market.
- *DTC denies collateral for crypto-linked ETFs*: The Depository Trust Company's (DTC) decision not to recognize crypto-linked exchange-traded funds (ETFs) as collateral for line-of-credit facilities has led to a decline in the valuation of the cryptocurrency market.
- *Bitcoin ETF outflows continue*: The U.S.-based spot Bitcoin ETFs have witnessed $421.8 million worth of outflows since April 24, contributing to a 4.75% drop in the crypto market capitalization.
- *Technical correction trend*: The crypto market's decline today is part of a correction trend that began on March 14, when the market valuation peaked for the session at around $2.721 trillion.
- *Federal Reserve's interest rate decision*: The Federal Reserve's decision to keep interest rates unchanged at 5.25%-5.50% has led to fears of higher-for-longer U.S. interest rates, causing a decline in Bitcoin and crypto prices.
- *Persistent inflationary pressures*: The recent PCE data indicated persistent inflationary pressures and Q1 GDP growth of 1.6% showed stagflation, leading to a correction in the crypto market.
Shiba Inu’s artificial intelligence partner Bad Idea AI (BAD) recently had a meeting with Shytoshi Kusama. The mysterious leader of Shiba Inu’s developer team took to Telegram to praise the hard workers at Bad Idea AI, as well as to drop a clue on the upcoming AI initiative for SHIB.
Kusama revealed plans for “secret and not so secret AI initiatives for SHIB.” The message also tagged Mr. LightSpeed, one of the leading members of the BAD team.
Kusama revealed plans for “secret and not so secret AI initiatives for SHIB.” The message also tagged Mr. LightSpeed, one of the leading members of the BAD team.
SHIB’s artificial intelligence partner, Bad Idea (AI), is following in Shiba Inu’s footsteps to provide a cold cryptocurrency storage solution for the rising number of holders. Last month, the official Bad Idea AI team revealed a sneak peek of the BAD-branded design, a card-shaped crypto wallet made by Tangem.
bad idea Ai #bad token is opportunity on eth base with 8 zeros and can kill 2 easily launch on bitget mexc waiting for binance and by the way team behind same of shiba inu 😁