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Home » First Mover Americas: Bitcoin Sinks Below $58K in Run-Up to Fed Decision
First Mover Americas: Bitcoin Sinks Below K in Run-Up to Fed Decision
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First Mover Americas: Bitcoin Sinks Below $58K in Run-Up to Fed Decision

CoindeskBy CoindeskMay 1, 20240 ViewsNo Comments
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Bitcoin (BTC) sank below $58,000 during the European morning on Wednesday to the lowest level since the end of February. BTC has fallen around 6% in the last 24 hours having dropped below the $60,000 support level late on Tuesday. The wider crypto market, as measured by the CoinDesk 20 Index (CD20), has lost more than 5%. Cryptocurrencies have been dogged by risk-off sentiment in the broader financial markets amid a stagflationary feel in the U.S. following indications of slower growth and sticky inflation that have tapered hopes of an interest-rate cut by the Federal Reserve. The Federal Open Market Committee is due to give its latest rate decision later today.

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Ripple News: XSGD Stablecoin by StraitsX, With 8B On-Chain Transactions, Launches on XRP Ledger

May 19, 2025

Coinshares: 2025 Inflows Hit $7.5 Billion As Digital Assets Record 5th Consecutive Week of Inflows

May 19, 2025

Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week

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