News list for "Monthly performance"

Affected by the cooling demand for ETFs, Bitcoin recorded its worst monthly performance since the FTX crash

Bitcoin is experiencing its worst month since the collapse of the FTX empire of the cryptocurrency mogul SBF as the excitement surrounding the U.S. Bitcoin ETF fades. Preliminary data shows that bitcoin fell nearly 14 percent in April, its biggest drop since a 16 percent drop in November 2022. The frenzy fueled by the U.S. Bitcoin ETF sent bitcoin to a record high of nearly $74,000 in March, but as bets on the Federal Reserve to cut interest rates waned, demand for risky investments took a hit a...

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2024-04-30 18:03:58
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