Bitcoin's price continued to plummet, hitting $60,000 on Monday with a 4% decrease to $61,211.00, its lowest in over a month. Over the past week, it dropped more than 8%. This drop coincided with digital asset investment products experiencing two consecutive weeks of outflows, fueled by concerns following the FOMC meeting. The outflows totaled $1.2 billion over the last two weeks, reflecting a lack of confidence in the market. Analysts suggest that continued pessimism over rate cuts and inflation is impacting sentiment for crypto investments. Market experts anticipate volatility ahead of the Fed's preferred inflation gauge release this Friday, with hopes that signs of a rate cut could stabilize Bitcoin's price. Overall, uncertainties surrounding inflation and rate cuts are driving market fluctuations and investor hesitancy in the crypto market.