Fed Governor Christopher Waller basically brushed off Bitcoin volatility, saying crypto crashes don’t really threaten banks or the wider financial system. Speaking at an event, he said crypto is still mostly separate from traditional finance, even if the tech itself is becoming more mainstream. Waller compared crypto markets to regular commerce, just more chaotic. He said ups and downs, or “crypto winters,” are just part of how this space works. According to him, recent BTC drops aren’t that shocking when you zoom out. Prices that seem scary now would’ve sounded insane just a few years ago.

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