Gazeta.ru - The Bitcoin rate during the trading session on Wednesday dropped below $57 thousand. The cryptocurrency is trading at these levels for the first time since February 28. This is evidenced by data from the Binance platform.
As of 11:55 Moscow time, the Bitcoin rate fell by 8.59%, to $56,931. Eth, the second cryptocurrency by capitalization, also shows a decline. The coin dropped by 8.52% to $2,847.
Investors are withdrawing money from cryptocurrencies ahead of the Federal Reserve's decision on interest rates, Reuters analysts note. The Fed will meet on May 1st. Most market experts believe that the regulator will leave the rate unchanged at 5.25-5.5% per annum.
Prior to this, the founder of TerraCrypto, Nikita Vassev, in a conversation with Gazeta.Ru, called the “bottom” of Bitcoin in 2024. According to him, the rate of the first cryptocurrency is unlikely to fall below $50 thousand.
