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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 network, and the fear index dropped to 13, indicating extreme fear.
The trigger was the May PCE inflation rate surging (4.1%) coupled with the expiration of tens of billions of dollars in options, reigniting expectations of Fed rate hikes.
On the political front, US Senator Lummis set July 4 as the deadline for a crypto bill, and India will also discuss regulation in July.
The market is like the candlestick chart, with more green than red, while you sit quietly on the mountain peak, waiting for the dawn when the clouds disperse. $ETH
The market looks like green candles dominating red in the K-line chart, while you sit quietly on the mountaintop, waiting for that dawn when the clouds disperse. $ETH