Bitcoin's value fell by 17.3% last month — that's the worst April performance in the nine years CoinMarketCap has existed 😱
There's growing nervousness as the Federal Reserve's Open Market Committee gathers for a key meeting on Tuesday and Wednesday.
Economists are expected to raise the base interest rate by half a percentage point — and an increase of this size hasn't been seen in 22 years. Analysts are increasingly expecting another half a percentage point rise in June as the central bank battles to bring red-hot inflation under control. Bitcoin trading volumes have dwindled in recent months as the prospect of higher interest rates tempts some savers away from cryptocurrencies.
Despite the weekend's turbulence, Bitcoin is pretty flat on a seven-day timeframe — down by just 0.8%.Avalanche, Polkadot and Polygon are all down by more than 15% — while Uniswap, Decentraland and The Sandbox have plunged over 20%.
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