Crypto Prices Fall as Inflation Data Reduces Rate Cut Hopes

Inflation data showed the economy is doing fine, reducing expectations for Fed rate cuts this year which had boosted crypto
Bitcoin ETFs drove billions into crypto in 2023, but saw outflows last week before rebounding
Ethereum remains speculative though some expect ETF approval in coming months
Meme coin Bonk is dropping in line with Bitcoin and Ethereum price declines
Without clear catalysts ahead, the author expects Bitcoin, Ethereum, and Bonk to continue falling in price over the next few months