FED Pressure on Crypto Market: ETF Outflows and Mar-a-Lago Summit in Focus

Market Pressure and FED Influence Selling pressure in the cryptocurrency markets has intensified following the release of the latest meeting minutes from the U.S.
Federal Reserve (FED).
The FOMC minutes indicated that policymakers maintain a cautious stance until inflation targets are met, signaling that interest rate hikes remain a possibility if necessary.
Amid this uncertainty, Bitcoin fell to $67,110 and Ethereum dropped to $1,981, bringing the total market capitalization down to $2.31 trillion.
The ambiguity in monetary policy has also impacted institutional investors.
Data from February 18 shows net outflows of $133.27 million from Bitcoin ETFs and $41.83 million from Ethereum ETFs.
Currently, XRP is trading at $1.42, while Solana remains at $82.30.
Crypto Summit at Mar-a-Lago and Strategic Partnerships Leading figures from the worlds of finance and politics gathered at the Mar-a-Lago resort for the "World Liberty Forum." The summit, attended by Coinbase CEO Brian Armstrong, Binance founder Changpeng Zhao, and Goldman Sachs CEO David Solomon, focused on the future of the industry.
During the event, Solomon revealed that he holds Bitcoin in his portfolio.
A significant strategic partnership between World Liberty and Securitize was also announced.
This collaboration aims to tokenize the credit income rights of a resort project in the Maldives, which is scheduled for completion in 2030.
Regulatory Outlook and Banking Integration Senator Bernie Moreno shared insights regarding the industry's legal future, stating that comprehensive regulations for crypto assets are expected to be enacted by April.
Meanwhile, Coinbase CEO Brian Armstrong discussed efforts to integrate with the traditional banking system.
Armstrong noted that they are developing new solutions involving "yield-bearing stablecoins" to address banks' concerns over deposit losses, emphasizing the need for harmony between the financial system and digital assets.