The price of Bitcoin has undergone a significant correction, dropping from over $105,000 to below $96,000. The main reason comes from the comments of Fed Chairman Jerome Powell during the recent FOMC meeting. He warned that interest rates may not decrease much by 2025 due to high inflation and emphasized that the central bank is not allowed to buy Bitcoin. 🏦

This has caused American investors to withdraw over $670 million from Bitcoin ETF funds, marking the largest withdrawal day in the nearly one-year history of these funds. Even Ethereum funds were not spared from the impact, with $60.5 million being withdrawn. 📉