PANews reported on May 1 that Reuters reported that Bitcoin had its worst monthly performance since the end of 2022 in April, and has now fallen below the $58,000 support level, ahead of the Federal Reserve's interest rate decision and the release of important U.S. labor market data later. The value of Bitcoin fell by nearly 16% in April, and investors began to take profits after the price rose to a historical high of more than $70,000.
The Federal Reserve is not expected to make any interest rate changes later, but the view among investors that the central bank may not cut rates at all this year is gaining ground, hitting interest rate-sensitive assets such as cryptocurrencies, emerging markets, including stocks and bonds, and even commodities.
