$BTC
📉 Mining stocks have collapsed due to Fed protocols
🗓 On May 28, markets reacted to new Fed protocols published amid economic uncertainty in the US:
⭕️ Riot Platforms: –8.32%
⭕️ CleanSpark: –7.61%
⭕️ MARA: –9.61%
⭕️ Coinbase: –4.55%
⭕️ Strategy (MicroStrategy): –2.14%
📉 The reason for the decline is the Fed's phrasing about "difficult trade-offs" if inflation remains persistent and economic growth slows. This heightened fears of potential tightening of monetary policy.
🪙 Meanwhile, Bitcoin fell only 0.9% — to $107,826, and the fear and greed index rose by 3 points, signaling cautious optimism among investors.
🗓 The next rate decision is on June 18, but the market expects the level to remain unchanged.
💬 Amid escalating political comments directed at Fed Chairman Powell from President Trump, pressure on the crypto market may intensify.
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