BTC falls below the $80000 mark

At the opening of the US stock market, the market value evaporated by about $300 billion. （Cointelegraph）

The size of the Federal Reserve's overnight reverse repurchase agreement (RRP) usage is $1.199 billion.

The US stock market opened lower and fell lower, with the Nasdaq index widening its decline to 2%.

OKX-BTC/USDT is currently trading at $79960.60, with a 5-minute drop of 0.28%. Please be aware of the market fluctuations.

On May 12th local time, the US Senate voted to approve Kevin Walsh as the chairman of the Federal Reserve, and the relevant voting process is still ongoing. On January 30th, Trump nominated Kevin Walsh to replace current Chairman Powell.