Bitcoin Slumps 15% as Grayscale Outflows Add to Pressure; Decentralized Exchange dYdX Surpasses Uniswap in Volume
• Bitcoin prices fell 15% after last week's ETF listing; Grayscale outflows contributing to downward pressure • Decentralized exchange dYdX, now on Cosmos, beats Uniswap as largest DEX by daily volume • Former President Trump promises to ban central bank digital currencies (CBDCs) if elected again • Chart shows Fed rate cuts and liquidity easing typically coincide with S&P 500 sell-offs • Market expects over 100 basis points of Fed rate cuts this year