Cryptocurrency Market News

Well, following a week of inflows, nearly $3 billion were pulled out of U.S equities. Bitcoin, over the course of the week, saw corrections of 18% as it fell to $29.7k. In fact, the number of addresses in loss hit an ATH as per a 15 May tweet. In fact, this event led most investors to sell equities and crypto over the past month. Especially as they fear a 50-basis point rate hike, which seems highly likely. PYMNTS wrote that the TerraUSD collapse could also have a detrimental effect on the decentralized finance industry, which has numerous staking and lending platforms connected.

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