"Bitcoin experienced a volatile session on April 29, swinging from just above $76,000 to a peak of $77,800 before falling below $75,000. This volatility was linked to the Federal Reserve's decision to maintain interest rates, reflecting broader market trends of marginal daily losses."
"The cryptocurrency's price movements mirrored global equities, with bitcoin remaining range-bound near $76,200 until late Tuesday, when it ignited two significant rallies within 24 hours, ultimately leading to a sharp sell-off."
On April 29, bitcoin's price fluctuated significantly, reaching a peak of $77,882 before dropping to $75,100. This volatility followed the Federal Reserve's decision to keep interest rates steady, coinciding with concerns over Middle East conflicts. Analysts from Bitunix warned that increasing oil prices could hinder future liquidity for bitcoin and the broader crypto market. The price movements mirrored trends in global equities, with bitcoin experiencing a decline of 1.3% over 24 hours, marking a negative weekly performance.
Read at news.bitcoin.com
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