Bitcoin
Bitcoin on pace for worst month since FTX crash as ETF demand cools
Bitcoin has recorded its worst month since the collapse of Sam Bankman-Fried’s FTX empire, as the euphoria surrounding US exchange-traded funds for the biggest digital assets wanes.
The original cryptocurrency fell nearly 16% in April, just a hair below the decline seen in November 2022. The US ETF-induced mania drove Bitcoin to a record high of nearly $74,000 in March, but as demand Because risky investments suffer a blow as hopes of interest rate cuts from the Federal Reserve disappear, flows into these products have decreased significantly.