AGP Executive Report
Last update: 9 hours agoMarket Slide: Bitcoin fell below $73,000 after hotter-than-expected U.S. inflation and hawkish Fed signals raised rate-hike bets. About $178 million in crypto longs were liquidated within an hour, while short-term holders sent 47,000 BTC to exchanges at a loss. Ether, Solana and XRP also weakened. ETF Outflows: U.S. spot Bitcoin funds have lost about $1.6 billion since November began as investors poured money into stock ETFs. Strategy Watch: MSCI is due to decide whether Strategy and Metaplanet remain in its indexes. A removal could trigger an estimated $2.8 billion in Strategy share sales by passive funds, but would not require the company to sell Bitcoin. Institutional Access: Deutsche Bank has opened crypto custody for institutional clients in Europe, covering Bitcoin, Ether and selected stablecoins. Washington: House Democrats are preparing a crypto market-structure proposal that would expand SEC oversight as the new Congress approaches.
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