Reasons for Bitcoin's sharp decline tonight


1. U.S. April PPI (Producer Price Index) inflation data far exceeded expectations, negative for the crypto market
2. U.S. stocks, gold, and silver plummeted, triggering a chain reaction, leading to a decline in the crypto market
3. Large-scale outflows from Bitcoin ETFs, with over $600 million flowing out today
BTC-0.25%
PAXG-0.67%
XAG-0.08%
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