Bitcoin ETF Fails to Deliver: Two Consecutive Days of Net Outflows, Bitcoin Price Remains Depressed.

The US Bitcoin spot ETF faced net outflows on May 9-10, causing the Bitcoin price to drop to 63K. Although there were net inflows on May 13-14, with a total surpassing the outflows of the previous two days, the Bitcoin price did not show any improvement and remained below 63K, reaching around 61900 before the deadline.

Inflation remains higher than expected, with no signs of a rate cut turning point.

Federal Reserve (FED) Chairman Jerome Powell reiterated on Tuesday that the rate of inflation is declining slower than expected and may remain high for a long period of time. The interest rates are expected to remain stable.

Despite the FED repeatedly expressing the same stance, each statement has a certain impact on the investment market, which expects rate cuts to drive capital flows.

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FED
Jerome Powell
Bitcoin
Inflation

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