Bitcoin Fights for $80K, Strategy Posts Big Q1 Loss, Coinbase Cuts Jobs: Your Weekly Crypto Recap
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Fed and ECB kept interest rates unchanged; following the April 29 FOMC (third meeting of the year) BTC briefly dipped below $75,000. - BTC quickly rebounded and extended gains, with crypto markets staying stable over the weekend despite Washington rejecting two Iran peace proposals, signaling short-term resilience and positive market impact for crypto/BTC.
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It was another eventful week in the cryptocurrency space on the heels of the decisions made by the US Federal Reserve and the ECB to maintain the interest rates unchanged days prior.
Despite BTC’s short-term price dip to under $75,000 after the third FOMC meeting of the year on April 29, the cryptocurrency rebounded swiftly and actually went on an impressive roll. At first, it remained stable during the weekend, even though Washington rejected two peace proposals sent by Iran.
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