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On May 29, 2024, 07:30 AM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.5 USDT, with a narrowed narrowed 0.28% increase in 24 hours.
HODL15Capital data shows that BlackRock IBIT had a net inflow of US$1.5 million yesterday, VanEck HODL had a net outflow of US$4 million yesterday, and Invesco BTCO had a net outflow of US$2 million yesterday.
The German government moved 3,100 BTC worth $178 million in one hour, and more selling may be imminent.
According to Jinshi Data, the money market shows that the Reserve Bank of Australia may cut interest rates in July, but Indeed economist Callam Pickering believes that it may be done as early as May. He pointed out that despite a 52,800 drop in employment in February, the labor market is still tight. If the employment report in March continues to be weak, the Reserve Bank of Australia will face more considerations. The final interest rate decision will depend on the quarterly inflation data released at the end of April. Pickering added that other data such as the labor force survey are currently secondary.