Meta's Equity Raise Weighs, Bitcoin Dips Below $60K, Strong US Consumer Credit

Market News
1. Meta Platforms shares fell over 6% following reports the company is considering a large equity raise for AI infrastructure.
2. Bitcoin dropped below $60,000, reaching its lowest level since October 2024, triggering significant liquidations in the crypto market.
3. U.S. consumer credit increased by $20.73 billion in April, exceeding consensus, indicating robust spending activity.