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Bitcoin (BTC) News Today: US BTC-Spot ETF Market Sees Inflows Despite Fed Hawks
On Thursday (May 16), Bitcoin (BTC) declined by 1.47%. Partially reversing a 7.44% rally from Wednesday (May 15), BTC ended the session at $65,198. US inflation and retail sales figures from Wednesday (May 15) fueled investor bets on a September Fed rate cut. Hopes of a Fed rate cut drove buyer demand for riskier assets. However, FOMC member commentary on Thursday (May 16) tempered investor expectations of a September Fed rate cut. FOMC members Loretta Mester and Raphael Bostic suggested a higher-for-longer rate path, impacting market risk sentiment. The Nasdaq Composite Index declined by 0.26% on Thursday (May 16). ... (full story)