Bitcoin and Ethereum ETFs experienced major outflows following Fed Chair Powell's statements. 📉
- Bitcoin price fell from $105,000 to below $96,000 following Powell's decision to cut interest rates.
- US investors withdrew $671.9 million from Bitcoin ETFs, withdrawing from risky assets.
- Ethereum ETFs were also affected, seeing an outflow of $60.5 million.
Blockchain technology and cryptocurrencies are promising despite volatile markets. 🚀