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Bitcoin slides below $58,000, rattled by tougher Fed rate outlook
Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, ahead of an interest rate decision by the Federal Reserve later and key U.S. labour market data. The value of the world's most traded cryptocurrency fell by nearly 16 per cent in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. Bitcoin was last down 3.8 per cent at $57,481, its lowest since late February, while losses in ether were more modest, down 2.6 per cent at $2,884 at its weakest since mid-April. The Fed is not expected to make any ... (full story)
