Crypto washout sends bitcoin below $58,000 into bear market

Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotiaLONDON -Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market. But it is still up 35% so far this year and double where it was this time last year, thanks in large part to the billions of dollars flowing into newly minted exchange-traded funds since January.

On the macro front, the Fed is not expected to make any changes to interest rates later, but the view is taking root among investors that the central bank may not cut rates at all this year, delivering a blow to interest rate-sensitive assets such as cryptocurrencies, emerging market stocks and bonds or even commodities.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Donald Trump's social media company lost more than $58 million last yearNEW YORK (AP) — Less than a week after a flashy stock market debut, Donald Trump's social media company is disclosing that it lost nearly $58.2 million in...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Trump Media stock falls more than 21% after company discloses $58 million loss for 2023NEW YORK (AP) — Less than a week after a flashy stock market debut , Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Crypto SWOT: Many crypto companies are hiring again, as the digital asset space recoversThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

Donald Trump's social media company lost $58 million last year. Freshly issued shares tumbleNEW YORK (AP) — Less than a week after a flashy stock market debut , Donald Trump's social media company is disclosing that it lost nearly $58.2 million in 2023.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Donald Trump's social media company lost US$58 million last year. Freshly issued shares tumbleLess than a week after a flashy stock market debut, Donald Trump's social media company is disclosing that it lost nearly US$58.2 million in 2023.
La source: CTVNews - 🏆 1. / 99 Lire la suite »