🔴 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.
🇺🇸 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.
⚠️ More than $770 million was liquidated in 72 hours, creating severe pressure on the price of BTC and other coins.
📉 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.
