Cryptocurrency markets continue the pullback that began when the Fed stated that it plans to cut interest rates only once this year. 😅 But hey, the ETH price made a splash after US Securities and Exchange Commission Chairman Gary Gensler said he expects spot ETH ETFs to receive full approval by the end of the summer. 🚀

However, this proved to be a selling opportunity and the price fell more than 3% an hour later. Currently, ETH is trading at $3,440, down 5% in the last 24 hours. 😬

Bitcoin price is also down almost 5%, trading around $66,300, a one-week low. 😲

Markets began falling Wednesday afternoon following the results of the Fed's hawkish policy meeting. But despite improving inflation data, a Bitcoin-friendly presidential candidate, spot ETH ETF approvals, and other risky asset markets (especially US stocks) rising to all-time highs, the market is not consistently rising. 🤔

So what do you think? We are waiting your comments! 😊#DeFi#Web3