This week the Federal Reserve voted unanimously to hold its benchmark interest rate range at 5.25%-5.50%, remaining unchanged for the seventh consecutive meeting and despite the FOMC saying they expect three rate cuts this year back in March, they now expect a single rate cut in 2024.

Wednesday saw over $100m in Bitcoin ETF inflows however that was offset heavily by over $200m outflows yesterday with Fidelity’s FBTC fund seeing its second largest net outflow day since it debuted in January of this year. Altcoins saw the biggest drop this week with our dippers chart showing red across the board.

If you are a MTL token holder remember to make sure you have your MTL on an exchange or wallet that supports the upcoming snapshot and airdrop on June 24 and 26 respectively. For more information on this please read the MTL migration guide.

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