- Minneapolis Federal Reserve chief Neel Kashkari made a "reasonable prediction" about only one rate cut in 2024, which hurt the crypto market.
- Bitcoin ETF outflows are continuing, which is part of a de-risking strategy.
- Long liquidations are overpowering short ones, resulting in $403 million worth of liquidations in the last 24 hours.
- The crypto market is awaiting crucial economic data and the outcome of the upcoming Federal Open Market Committee (FOMC) meeting.
- CPI inflation and core CPI estimates are at 3.4% and 3.5%, respectively, and investors are closely monitoring the Fed’s interest rate decision.
