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.
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