Bitcoin falls below the $30,000 level as expectations of a rate cut recede

  • International
  • 19 April 2023
1

Bitcoin fell below $30,000 again as U.S. regulators cracked down on rising interest rate cuts by the Federal Reserve this year.

Current expectations point to a 25 basis point US interest rate hike at the May meeting, following the release of recent economic data.

Bitcoin has risen 79 percent this year, outpacing gains in global equities.

Source (Al Arabiya.net Website, Edited)

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