The prospect of "higher and longer" interest rates is weighing on the cryptocurrency market, with bitcoin posting its biggest monthly drop since the SBF's FTX empire collapsed in November 2022. Bitcoin slumped nearly 16% in April, and the launch of a bitcoin and ether ETF in Hong Kong on Tuesday also failed to generate momentum. There are growing reasons for the Federal Reserve to signal a delay in rate cuts after this week's meeting.
Chris Weston, head of research at Pepperstone, said the recent rise in U.S. Treasury yields and real interest rates has weighed on gold, bitcoin, and U.S. stocks.
Bitcoin recorded its worst monthly performance since the FTX crash, and the interest rate outlook became a drag
2024-05-01 02:51:30
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
比特币创下FTX崩溃以来的最差月度表现，利率前景成为拖累Next article：
6000万枚GUI发放完毕用于激励Aptos Grant DAO第五轮资助投票者
