Why is the crypto market down today?
24 May 2024 - 11:07PM
Cointelegraph
![](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvODAzMjgxMmQtMWQ1MC00NmFiLWI5NjUtYTBjYjZkZDQxYTYzLkpQRw==.jpg)
The recent approval of spot Ether ETFs in the U.S. has triggered
a "sell-the-news" reaction among crypto traders. Meanwhile,
decreasing odds of Fed rate cuts are further fueling selling
pressure.
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