Sylvia Jablonski, Defiance ETFs co-founder

CEO and chief investment officer, also highlighted voting and non-voting Fed members’ vocal unease with inflation, which remains at near four-decade highs despite the recent improvement shown by the CPI.

“Crypto is now on that list of thoughtful, innovative, disruptive technologies and it's viewed as sort of high risk by the average retail trader,” Jablonski said. “So what happens is they get this bad news, they sort of take it in and, lo and behold, the price of bitcoin falls.”