In his speech yesterday evening, FED Chairman Powell stated that they anticipate two more rate cuts this year if the economy moves in line with expectations. Stating that they have more confidence that inflation is on track to reach the 2% target, Powell emphasized that the labor market is still strong and has not cooled enough.
Ohio Senator Niraj Antani introduced a bill that allows state and local taxes to be paid in Bitcoin and other cryptocurrencies.
Spot Bitcoin ETFs in the US closed the day positive yesterday with a net gain of $ 61 million. BlackRock received $ 72 million and Fidelity received $ 8 million. On the other hand, there was an outflow of $ 9 million from Ark Invest and Bitwise. Ether spot ETFs ended the day with a loss of $ 822 thousand.
At the time of writing, Bitcoin (BTC) is trading at $63,668 and Ethereum (ETH) is trading at $2,638.
The fear and greed index is neutral at “48”.
Important developments for the day:
Sui (SUI): 64.2 million tokens, corresponding to 2.4% of the amount of tokens in circulation, will be unlocked.
ZetaChain (ZETA): 53.8 million tokens will be unlocked, representing 13.4% of the amount of circulating tokens.
dYdX (DYDX): 8.34 million tokens will be unlocked, representing 1.32% of the amount of circulating tokens.
