Crypto Price Prediction: The cryptocurrency market has witnessed steady supply pressure since last week, evidenced by the four-day negative streak in Bitcoin. The BTC price fell from $67200 to its current trading value of $62567, registering a weekly loss of 6.9%. This correction of leading cryptocurrency has limited bullish recovery in the altcoin market, prolonging the post-halving consolidation.
Wu Blockchain recently highlighted the impending decision by the Federal Reserve on interest rates, slated for May 1, with a considerable probability of 95.6% that the rates will remain unchanged. Furthermore, the announcement of the April unemployment rate by the United States is set for May 3.
Generally, unchanged interest rates might suggest an environment of economic stability or caution from the Fed, which can boost investor confidence. This could lead to a risk-on attitude where investors might be more willing to invest in higher-risk assets, including cryptocurrencies
Thus, the digi
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