Bitcoin is trading lower after the Fed left rates unchanged.
Portfolio Pulse from Benzinga Newsdesk
Bitcoin is trading lower following the Federal Reserve's decision to leave interest rates unchanged.

May 01, 2024 | 7:26 pm
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Bitcoin's value decreased after the Federal Reserve decided not to change interest rates.
Bitcoin often reacts to major economic decisions and announcements, especially those related to interest rates, as they can influence investor sentiment and the attractiveness of alternative investments. The decision by the Federal Reserve to leave rates unchanged has led to a decrease in Bitcoin's value, likely due to a recalibration of investor expectations regarding inflation and the future economic environment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100