Crypto washout sends Bitcoin below $58-K ahead of FED decision

Transcript

00:00 Meanwhile, Bitcoin saw a notable decline, dropping nearly 6% after its worst monthly

00:06 performance in April since late 2022. Investors withdrew funds from cryptocurrencies ahead of

00:12 an impending Federal Reserve interest rate decision. Despite being down 22% from March's

00:18 record, Bitcoin remains up 35% year-to-date and has doubled in value compared to last year.

00:25 Anticipation of the Federal Open Market Committee, or FOMC, meeting led to a decline in interest

00:31 rate-sensitive assets like cryptocurrencies, even with smaller altcoins suffering losses.