Ether Wiz
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None of the ETF issuers bought BTC or ETH yesterday.
BlackRock, Fidelity, Grayscale etc. all sold and that explains the dip.
This dump is most likely due to Powell's upcoming speech this Friday, where he could hint about interest rates.
Due to the rise in PPI, investors think that Powell won't comment on anything regarding rate cuts.
And this is why they're panic selling.
I guess some of them will buy back higher in the coming weeks.
BlackRock, Fidelity, Grayscale etc. all sold and that explains the dip.
This dump is most likely due to Powell's upcoming speech this Friday, where he could hint about interest rates.
Due to the rise in PPI, investors think that Powell won't comment on anything regarding rate cuts.
And this is why they're panic selling.
I guess some of them will buy back higher in the coming weeks.
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