Investors withdrew $670 million worth of BTC from cryptocurrency exchanges after the Fed announcement

👀
On Wednesday night, the Federal Reserve reported that the key rate will remain near zero. However, during his speech, Fed Chairman Jeremy Powell reported the likelihood of further increases in inflation and a rate hike soon.

💡 Such rhetoric apparently did not scare crypto investors. According to Glassnode, more than 18,000 BTC worth $670 million left crypto exchanges yesterday, the largest daily outflow of BTC in a month.