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Phemex Crypto Market Daily: BTC, ETH Slide as ETF Outflows Hit; Humanity Protocol and Siren Surge (Apr 28)
Key Takeaways:
1. Macro Environment The US Federal Reserve is expected to keep rates unchanged at 3.50%-3.75%, maintaining a restrictive stance amid persistent inflation and geopolitical risks. The EU has imposed sweeping crypto sanctions on Russia, disrupting cross-border flows and ruble-based stablecoin liquidity. India's GDP growth remains stable at 6.7%, but the informal sector faces pressure from the US-Iran conflict and rising energy costs. 2. Crypto Market The crypto market saw broad declines over the past 12 hours, with BTC down 2.52% to $75,892 and ETH falling 1.92% to $2,268, pressured by ETF outflows and risk-off sentiment. Altcoins showed mixed performance: Humanity Protocol (H) surged 19.52%, SIREN (SIREN) rose 12.70%, and PI (PI) gained 6.23%, driven by token events and ecosystem activity, while INJ and SIGN declined slightly. 3. Today's Outlook Today's key events include the Injective mainnet upgrade, expected to enhance network performance and INJ token buyback, and the $SIGN token unlock, releasing 20.78% of supply. The FOMC meeting and Bank of Japan rate decision may drive global market and crypto volatility.
