The US Bitcoin spot ETF faced net outflows on 5/9-10, causing the Bitcoin price to drop to 63,000. Although there were net inflows on 5/13-14, with a total amount exceeding the outflows of the previous two days, the Bitcoin price still did not show any improvement and remained below 63,000, reaching approximately 61,900 before the deadline.
Inflation remains higher than expected, with no signs of a turnaround in interest rate cuts.
Fed Chairman Jerome Powell reiterated on Tuesday that the inflation rate is decreasing slower than expected and may remain high for a long period of time. The interest rate is expected to remain stable.
Although the Fed has repeatedly expressed the same stance, each statement has caused a certain degree of impact on the investment market, which expects interest rate cuts to drive capital flows.
FED
Jerome Powell
Bitcoin
Inflation
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