Macro & Geopolitical Jitters 👀
Sticky inflation data (CPI at 3.8%) has driven 10-year Treasury yields past 4.5%, raising fears of potential rate hikes. Additionally, new threats by Iran to charge tolls in the Strait of Hormuz are pressuring global risk assets.
· ETF Outflows: After a six-week run of consistent buying, Spot Bitcoin ETFs recorded $1 billion in net outflows for the week ending May 15, signaling a pause in institutional appetite.
BTC
77,636.52
-0.99%
ETH
2,151.99
-1.95%
BNB
643.25
-2.08%