On February 19, spot Bitcoin ETFs recorded net outflows of $166 million, while spot Ethereum ETFs saw net outflows of $130 million.
The White House set March 1 as the deadline to resolve the dispute over stablecoin yields and to move forward with the Clarity Act.
Following yesterday’s White House meeting, officials called for allowing banks to offer limited stablecoin yields in order to advance the bill.
Minneapolis Fed President Neel Kashkari argued that cryptocurrencies are completely useless compared to artificial intelligence and stated that stablecoins have limited use cases.
CME Group announced that it will launch 24/7 trading for cryptocurrency futures and options starting May 29.
Bitcoin is trading at $67,850, while Ethereum is trading at $1,962.
The Fear and Greed Index stands at 12, indicating extreme fear.
Developments expected during the day:
Market Data: U.S. annual Core Personal Consumption Expenditures (PCE) data will be released. Market Data: U.S. Gross Domestic Product (GDP) data will be released.
