Bitcoin News: The global digital asset market registered a minor pullback on Monday as Bitcoin (BTC), the world’s largest crypto price declined by more than 2%. However, more volatility for BTC is expected ahead as the first week of May holds several keys meeting.
Also Read: Troubled First Republic Bank Gets A Buyer; Will Crypto Market Rally?
Will Markets Slide Ahead Of Major Week?
The market is expected to receive the Institute of Supply Management (ISM)’s Manufacturing Purchasing Managers’ Index (PMI) data. As per reports, ISM Manufacturing PMI is expected to depict weakness. While it is expected to remain around 46.8.
The Federal Reserve of the United States will be releasing interest rates on Wednesday. Fed Chairman Powell will make the announcement on May 3. It is expected that the agency might raise interest rates by 25 basis points. However, if this hike took place then it will be the agency’s tenth consecutive raise.
The FOMC meeting stands vital as markets may turn vol
We współpracy z: https://coingape.com/bitcoin-to-face-tough-week-ahead-news/
