Tension in the cryptocurrency market ahead of the Federal Reserve meeting, Bitcoin falls to a one-week low
On Monday, due to speculators' nervousness ahead of the Federal Reserve's policy meeting this week, the cryptocurrency market fell. Bitcoin fell 2% to $62,500 at one point, its lowest level in a week. The Depository Trust Company, which provides settlement and clearing services in the United States, stated last Friday that the collateral value of ETFs related to cryptocurrencies will not be credited, raising doubts about the potential impact on the digital asset market. In addition, demand for a U.S. spot Bitcoin ETF continues to slow down. Data shows that Bitcoin's rally since 2024 has slowed from over 70% in mid-March to around 47%, with Bitcoin reaching a record high of nearly $74,000 in mid-March
According to the Zhitong Finance and Economics APP, on Monday, due to speculators' nervousness ahead of the Federal Reserve's policy meeting this week, the cryptocurrency market fell. Bitcoin fell 2% to $62,500 at one point, its lowest level in a week.
The Depository Trust Company, which provides settlement and clearing services in the United States, stated last Friday that the collateral value of ETFs related to cryptocurrencies will not be credited, raising doubts about the potential impact on the digital asset market. In addition, demand for a physically-backed Bitcoin ETF in the United States continues to slow down.
Data shows that Bitcoin's gains since 2024 have slowed from over 70% in mid-March to around 47%, with Bitcoin reaching a record level of nearly $74,000 in mid-March