The decline in cryptocurrencies yesterday also impacted U.S. crypto ETFs, with Bitcoin spot ETFs seeing a total of $523 million in net outflows.
Trump criticized Powell, saying he has severely damaged the housing sector, prevented people from accessing credit, and argued that with no inflation, all indicators point to the need for a major rate cut.
At the time of writing, Bitcoin (BTC) is trading at $113,772, while Ethereum (ETH) is priced at $4,202.
The Fear and Greed Index stands at a neutral level of 45.
Key developments to watch today:
Qubic (QUBIC): Halving event will take place.
Supra (SUPRA): SupraLiquid sale event will be held.
