Crypto Market Reacts to Waning Expectations of Fed Rate Cut
Tuesday, 2 April 2024, 14:30
Will Crypto Stumble Further as Fed Rate Cut Hopes Diminish?
The cryptocurrency market, especially Bitcoin, experiences a downturn as expectations for Federal Reserve interest rate cuts in May diminish, affecting investment flows and market sentiment.
95% Probability of Fed Keeping Interest Rate Unchanged in May
On Tuesday Bitcoin's value decreased, falling around 7% from its recent high, to trade near $65,000. This decline highlights Bitcoin's sensitivity to shifts in interest rate expectations and broader monetary policy.
- Market Reaction to Economic Indicators
- Pressure from Bitcoin ETF Outflows
- Analysts Speculating on Federal Reserve Decisions
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.