Bitcoin sank to one-week low of $61,928 in early trading on Monday
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The demand for approximately a dozen U.S. spot Bitcoin ETFs remains moderate. Bitcoin's 2024 gain has slowed to over 47% from more than 70% in mid-March, when the cryptocurrency reached a record high of nearly $74,000.is expected to announce an interest rate decision on May 1 this week, with a 95.6% chance of leaving rates steady. On May 3, the United States will also release its April unemployment rate. Likewise, expectations for a U.S. interest rate drop this year have dwindled.
The Federal Reserve will release an interest rate decision on May 1 this week, with a 95.6% probability of keeping interest rates unchanged. In addition, the United States will also announce the April unemployment rate on May 3. Expectations for a U.S. interest rate cut this year…Speculation ahead of the Federal Reserve meeting has fueled debate among market participants about the potential trajectory of interest rates and its implications for digital assets.
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