Crypto Slumps as Economic Strength Reduces Rate Cut Hopes

• Inflation data shows the economy is doing well, reducing expectations for Fed interest rate cuts. This is negatively impacting crypto prices.

• Bitcoin ETFs brought billions into crypto in 2024, but saw outflows last week before reversing. Less ETF approval could hurt crypto.

• Ethereum was expected to benefit from its own ETFs, but approvals are uncertain.

• Bonk is a volatile meme coin with little underlying utility.

• With major 2024 catalysts behind it, crypto may fall further as speculation and hype wear off.