Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bulls Eye $4,550 as Support Holds Steady at $4,300

30/08/2025

112 crypto companies urge Senate to protect developers in market structure bill

30/08/2025

280,000,000 Users, Binance Hits Major Adoption Milestone

30/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Bulls Eye $4,550 as Support Holds Steady at $4,300

    30/08/2025

    ETH Market Faces $5 Billion Liquidation Wall Ahead of Key Macro Week

    30/08/2025

    “ETH Price May Return to This Range!”

    30/08/2025

    After a 10% Slide, Where Is Ethereum Headed?

    30/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    PENGU token loses 20% in August amid Pudgy Party game launch

    30/08/2025

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    27/08/2025

    Blue chip NFTs sink double digits as ETH retreats from record highs

    26/08/2025

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    26/08/2025

    Bulls Eye $4,550 as Support Holds Steady at $4,300

    30/08/2025

    112 crypto companies urge Senate to protect developers in market structure bill

    30/08/2025

    280,000,000 Users, Binance Hits Major Adoption Milestone

    30/08/2025

    ETH Market Faces $5 Billion Liquidation Wall Ahead of Key Macro Week

    30/08/2025
  • Blockchain

    MetaMask Guide: The Gateway to Web3

    29/08/2025

    Zoro Partners with Fireverse Ventures to Redefine AI-Powered Music in Web3

    29/08/2025

    Concordium Partners with Safle Wallet to Grow PayFi Ecosystem in Web3

    29/08/2025

    SocioAgent Integrates PAI3’s AI Compute Infrastructure to Power Transparent, People-Powered AI Agent Social Network

    29/08/2025

    Blockchain: The missing link in AI’s path to consciousness

    29/08/2025
  • DeFi

    Lygos Aims to Banish Ghosts of Crypto Lending Collapse With Non-Custodial Bitcoin Model

    30/08/2025

    Lombard Finance launches yield-bearing Bitcoin token LBTC on Solana with $1.5B backing

    30/08/2025

    Ethereum’s Real Strength Lies Elsewhere, Says Curve Finance

    30/08/2025

    One year into Sky, adoption lags behind vision

    30/08/2025

    SNAI, PAAL, AIXBT, CGPT, ALPHA, EMP, and Others; Why DeFAI Tokens Trending?  

    29/08/2025
  • Metaverse

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025
  • Regulation

    Helium eyes a potential path to deflationary tokenomics

    30/08/2025

    Best Crypto Investment Ideas According to CEO of $1.6T Asset Manager Franklin Templeton

    30/08/2025

    Crypto venture funding drops 59% to $1.9 billion in Q2, later-stage deals dominate

    30/08/2025

    Strategy loyalists sell MSTR, say Michael Saylor lied about dilution

    30/08/2025

    Evaluating crypto stocks with more IPOs on deck

    30/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    280,000,000 Users, Binance Hits Major Adoption Milestone

    30/08/2025

    Coinbase Listing Coming Soon for Pi Coin? Community Thinks So

    30/08/2025

    Travel Rule Compliance: Bithumb’s Essential Deepcoin Integration

    30/08/2025

    Bitcoin Exchange Binance Announces Delisting of Three Altcoin Trading Pairs from Spot Trading! Here Are the Details

    30/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    29/08/2025

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    28/08/2025

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    28/08/2025

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    28/08/2025

    Bitcoin Hashrate Rockets to New Heights, Smashing Through 980 EH/s Barrier

    30/08/2025

    Auto Giant Unveils Impressive 153 BTC Haul

    30/08/2025

    Bitcoin Miner IREN’s AI Push Gains Momentum, Price Target Hiked 60% to $37: Canaccord

    29/08/2025

    Hut 8 Maps ‘Path to Monetization’ of Energy Assets as Bitcoin Mining Carve-Out Nears: Benchmark

    28/08/2025

    112 crypto companies urge Senate to protect developers in market structure bill

    30/08/2025

    Treasury Sanctions Crypto IT Scam Spanning North Korea, Russia, and China

    30/08/2025

    Does Coinbase’s New Hiring Policy Contradict US Federal Law?

    30/08/2025

    US stablecoin law prompts China to accelerate its own plans

    30/08/2025

    Bulls Eye $4,550 as Support Holds Steady at $4,300

    30/08/2025

    112 crypto companies urge Senate to protect developers in market structure bill

    30/08/2025

    280,000,000 Users, Binance Hits Major Adoption Milestone

    30/08/2025

    ETH Market Faces $5 Billion Liquidation Wall Ahead of Key Macro Week

    30/08/2025
  • MarketCap
NBTC News
Home»Bitcoin»Key Reason Why Bitcoin (BTC) Fell to One-Week Low: Details
Bitcoin

Key Reason Why Bitcoin (BTC) Fell to One-Week Low: Details

NBTCBy NBTC29/04/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin and the broader cryptocurrency market fell on Monday, as investors and speculators braced themselves for a major Federal Reserve meeting later this week.

Anticipation grew around the meeting’s potential indication of higher-for-longer interest rates, prompting market participants to gird themselves for potential effects on digital assets.

Bitcoin sank to a one-week low of $61,928 in early trading on Monday before recovering slightly to trade down about 2% at $62,387 at press time.

The demand for approximately a dozen U.S. spot Bitcoin ETFs remains moderate. Bitcoin’s 2024 gain has slowed to over 47% from more than 70% in mid-March, when the cryptocurrency reached a record high of nearly $74,000.

The Federal Reserve is expected to announce an interest rate decision on May 1 this week, with a 95.6% chance of leaving rates steady. On May 3, the United States will also release its April unemployment rate. Likewise, expectations for a U.S. interest rate drop this year have dwindled.

The Federal Reserve will release an interest rate decision on May 1 this week, with a 95.6% probability of keeping interest rates unchanged. In addition, the United States will also announce the April unemployment rate on May 3. Expectations for a U.S. interest rate cut this year…

— Wu Blockchain (@WuBlockchain) April 29, 2024

Speculation ahead of the Federal Reserve meeting has fueled debate among market participants about the potential trajectory of interest rates and its implications for digital assets. Higher interest rates are being perceived as a headwind on risk assets such as Bitcoin.

As the Federal Reserve prepares to convene and provide insights into its outlook on interest rates and monetary policy, market participants will closely monitor developments and parse statements for clues about the central bank’s intentions. Any signals pointing to a more hawkish stance on interest rates could further unsettle digital asset markets, while a dovish tone may offer respite to investors seeking stability.

Expectations remain on BTC price post-halving

The fourth Bitcoin halving occurred this month, resulting in a 50% decrease in supply inflation and an increase in issuance scarcity. The halving, an important and well-publicized event, naturally sparks more discussion about its impact on BTC’s price action.

A total of 19.68 million BTC have been mined and issued, representing 93.75% of the total supply of 21 million BTC. Thus, approximately 1.312 million BTC will be issued over the next 126 years. A total of 50% of the remaining supply of 1.312 million BTC will be mined between the fourth and fifth halvings.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bulls Eye $4,550 as Support Holds Steady at $4,300

30/08/2025

112 crypto companies urge Senate to protect developers in market structure bill

30/08/2025

280,000,000 Users, Binance Hits Major Adoption Milestone

30/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.