BITCOIN FALLS 5% TO $57,000 AHEAD OF FED DECISION, SLUMPS 16% IN APRIL

Bitcoin experienced a nearly 6 per cent decline on Wednesday, marking its the worst monthly performance since April 2022. This downturn occurred as investors withdrew funds from cryptocurrencies in anticipation of an interest rate verdict from the Federal Reserve. 

April witnessed a substantial drop of almost 16% in the value of the most traded cryptocurrency globally. Investors opted to cash in on substantial gains from a remarkable surge, propelling prices to unprecedented levels surpassing $70,000.

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2024-05-01T11:30:54Z dg43tfdfdgfd