Safe-haven sentiment rises, cryptocurrency market plunges into a fresh round of sell-off: BitPush Daily Market Dynamics

Market analyst Bloodgood stated in his latest market report, “With only a month left until Bitcoin’s halving, considering Bitcoin’s recent performance, the decline before the halving is not surprising. Meanwhile, all eyes are on tomorrow’s Federal Open Market Committee meeting, especially as the market appears to be lowering expectations for interest rate cuts this year. While there is generally consensus that the current Fed interest rate decision will remain unchanged, any comments regarding future monetary policy direction will create shockwaves in the market. Of course, this means that holding leveraged positions during the press conference carries greater risk than usual.”