According to Golden Finance, Reuters pointed out that before the Federal Reserve's interest rate decision and the release of important data on the US labor market later, April saw its worst monthly performance since the end of 2022, and has now fallen below the $58,000 support level. The value of Bitcoin fell by nearly 16% in April, and investors began to seek profit-taking after the price rose to an all-time high of more than $70,000. The Federal Reserve is not expected to make any adjustments to interest rates later, but investors believe that the central bank may not cut interest rates at all this year. The view is gaining popularity, which will hit interest rate-sensitive assets such as cryptocurrencies, emerging markets, including stocks and bonds, and even commodities.
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