Today the crypto market experienced a "Black Friday," with BTC breaking below the 60k mark and hitting a low of 58k. Over 150k people were liquidated across the entire network, and the Fear and Greed Index fell to 13, indicating extreme fear. The trigger was the surge in May's PCE inflation (4.1%) combined with the expiration of tens of billions of dollars in options, reigniting expectations of a Fed rate hike. On the political front, U.S. Senator Lummis set July 4th as the deadline for the crypto bill, and India will also discuss regulation in July.


The market trend is like the candlesticks in the chart, mostly red with a bit of green, while you sit quietly on the peak, waiting for the dawn when the clouds disperse. $ETH
BTC0.45%
ETH0.49%
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