Cryptocurrency market overview | May 27 🟢 Market cap: $2 | Parrot Bamboo en Binance Square

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Cryptocurrency market overview |  May 27
 🟢 Market cap: $2.57 trillion (+0.16%)
 🔴 BTC dominance: 52.51% (-0.49%)
 ⚡️ Fear and Greed Index: 74 (extreme greed)
#ETHETFsApproved #btc70k $BTC 

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📊 On July 31, spot Bitcoin ETFs recorded an inflow of $300,000. •Fidelity spot Bitcoin ETF (FBTC) experienced an outflow of $31.6 million. •Blackrock spot Bitcoin ETF (IBIT) experienced an inflow of $21 million. •ARK Invest spot Bitcoin ETF (ARKB) saw an outflow of $4.6 million. #Btc $BTC

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🗣️Fed Chair Jerome Powell: •I can imagine scenarios ranging from zero to multiple rate cuts this year, depending on how the economy develops. •We need more good data. •The downside risks to the Fed’s full employment mandate are real right now. •There was serious discussion at this meeting about cutting rates. •A strong majority at the FOMC meeting supported keeping rates unchanged. •A lot of data coming between now and September. •I feel good about where we are. •We are well positioned to respond to any weakness in the economy. •The time to cut rates is approaching. •We are not considering a 50 basis point cut right now. #fed #powell #Btc $BTC

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🗣️Fed Chair Jerome Powell: •A rate cut may be on the table in September. -Reporter: Is the market expecting the Fed to cut rates in September? What do you think? And why aren't you cutting rates today instead of waiting? -Powell: We haven't made any decisions about September, but we can say that we are getting closer to our goal. If everything goes as expected, a rate cut may be possible in September. That's not possible today. #Btc #Fed #Powell $BTC

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🇺🇸The US Federal Reserve ( #Fed ) did not change the interest rate, keeping it steady. 🗣️Fed: •The decision to keep the policy rate unchanged was made unanimously. •FOMC members will not cut interest rates until they are certain that the interest rate will reach the 2% target. •There has been some progress towards the 2% inflation target in recent months. #Btc $BTC

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🚨Reminder: 🇺🇲The Fed interest rate decision will be announced today at 9:00 p.m. •Expectation: 5.50% •Previous: 5.50% 🇺🇸Fed Chair Jerome Powell will give a speech today at 9:30 p.m. #Btc $BTC

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