đŽ What's Happening in the Market?
After BTC fell 5% lower $60 thousand, it is consolidating about $57 thousand. Overall drop, starting from the historical maximum, is 22%, which is the biggest correction since the summer of 2023.
đșđž Yesterday's comments
Powell were positive, because he doesn't expect further increase in rates, however, growth risks inflation remains as at least until May 15th.
â ïž More than $770 million was liquidated in 72 hours, creating severe pressure on the price of BTC and other coins.
đ BlackRock ETF Sees First Capital Outflow May 1 amounted to $36.9 million, while the overall figure for ETFs recorded the largest capital outflow in history - $563 million.