Bitcoin Prices Drop Below $29,000 Ahead of Fed Decision - What Does This Mean for Crypto Investors?

Bitcoin Prices Drop Below $29,000 Ahead of Fed Decision - What Does This Mean for Crypto Investors?

Bitcoin and other cryptocurrencies experienced a decline in prices recently, with traders keeping an eye on the Federal Reserve's monetary-policy decision this week. Bitcoin, in particular, suffered a 3.1% drop over the last 24 hours, settling at $28,414, which is lower than its weekend levels of almost $30,000. While some experts note that Bitcoin's average price has increased by 15% in April compared to March and is less volatile, investors remain uncertain about the crypto market's future. Traders are waiting to see how the Fed's monetary-policy meeting will affect the industry, as it could trigger a surge or fall in Bitcoin prices. Many expect the Fed to relax its monetary policy later this year due to the economy's weakness, but if the opposite occurs, "all bets are off for crypto and other risk assets."

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