Bitcoin and other cryptocurrencies dropped to a one-week low due to Federal Reserve meeting concerns and decreasing US spot-Bitcoin ETF demand.
Bitcoin and other cryptocurrencies fell on Monday, with Bitcoin dropping to a one-week low, amid concerns over a Federal Reserve meeting that may indicate higher-for-longer interest rates. Smaller tokens such as Ether, BNB, and XRP also suffered losses. The demand for US spot-Bitcoin ETFs has been decreasing, compounding crypto market concerns. Bitcoin's 2024 advance has moderated to 47% from over 70% in mid-March.
April 29, 2024
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