Crypto Market Turmoil: Trump's Advisor Pick, ETF Outflows, and Bearish Sentiment

The market continues to slide as the Altcoin Market Index plunges to 48, driven by significant ETF outflows affecting Ethereum.

Key Takeaways:-

- The Fed's hawkish stance keeps crypto markets under

pressure.

- Market sentiment dips to 54, teetering on the edge of bearish

territory.

- Altcoin Market Index hits a monthly low of 48.

- Donald Trump taps ex-footballer Bo Hines for his Crypto

Advisory Council.

- Ethereum ETFs see significant outflows, worsening the overall market downturn.