Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision
Publishing timestamp: 2024-05-01 13:18:00
Summary
Bitcoin drops to lowest level in over two months as investors await Federal Reserve's interest rate decision. Analysts expect consolidation in prices with potential swings of $10,000, but anticipate positive impact of halving to be seen in later months.
Sentiment: MIXED
Tickers: BTC.CM=,
Keywords: breaking news: investing, investment strategy, bitcoin/usd coin metrics, breaking news: technology, technology, bitcoin, business news,
Source: https://www.cnbc.com/2024/05/01/bitcoin-btc-nosedives-below-57000-ahead-of-fed-decision.html