Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died

Bitcoin and ether ETFs saw a significant downturn, losing a combined $111 million as hopes for Federal Reserve rate cuts faded, causing a halt in the recent market recovery. This shift in investor sentiment, triggered by the Fed's decision, has led to renewed outflows from these funds. The stagnant market value near $2.26 trillion since Tuesday underscores a broader trend where crypto investments are feeling the impact of macroeconomic shifts, particularly monetary policy decisions. This situation matters as it reflects broader market dynamics and investor confidence, which are crucial for both crypto and traditional financial markets.