The Federal Reserve "broke ranks" last night! Some called for four rate cuts, while others said inflation is high but no need to rush. The market chose the latter, with the probability of a rate cut before June dropping to only 50%, hitting a new low for the year.

U.S. stocks were the first to "kneel," with the Nasdaq down 1.18%. Even Nvidia's strong earnings report couldn't prevent a 5% drop, and Chinese concept stocks fared even worse. American investors are fleeing U.S. stocks at the fastest pace in 16 years, selling off $75 billion in half a year, moving into emerging markets, Europe, and Japan. After all, U.S. stocks are highly valued, while Chinese stocks have a PE ratio of only 13.5.
For the crypto world, liquidity expectations are tightening, making it difficult for Bitcoin to stand alone. The dollar index fell to 97.5, but funds didn't flow into crypto; instead, they moved into traditional markets with lower valuations, amid strong risk-avoidance sentiment.
Will this wave of capital outflow eventually flow into crypto? Share your thoughts in the comments!