🔴Reasons for the decline📈📉
Pressure from rising U.S. interest rates and the Federal Reserve adopting a cautious stance.
Outflows from Bitcoin spot ETFs amounting to $114.8 million, while inflows to Ethereum spot ETFs continue for the 20th consecutive day.
Worsening regulatory scrutiny and uncertainty scenarios related to U.S. oversight reports, alongside seasonal factors and weak technical momentum.