đ Bitcoin took a wild ride Tuesday evening, plunging nearly 6% before bouncing back slightly. As of now, BTC is down 4.5% over the past 24 hours, sitting at $58,800. Meanwhile, Ether {{ETH}} fell 4% but has seen a 21% drop against BTC this year. The divergence? Bitcoin spot ETFs have pulled in $10B, while Ether ETFs have bled assets. đ
Adding to the pressure, major U.S. stock averages also declined, with Nasdaq down 1.3%. Investors might have overreacted to Fed Chair Powell's dovish remarks. What are your thoughts on the crypto market's next move? Drop your comments below!