BTC Exchange Outflow Hits 5-Year High; Grayscale Challenges SEC's ETF Rejection
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On Wednesday, the broader crypto market remained relatively range-bound, as investors looked for market directions by assessing comments from U.S. central bank chiefs about the economic prospects and interest rates. The possibility of a 75bps rate hike in July has been adjusted to 83.2% after the ECB forum on Wednesday, suggesting that the long-term stable recovery of risk asset markets may be challenging.