The cryptocurrency market faces new challenges

The price of Bitcoin has reached 94,200 US dollars, posing a challenge for cryptocurrency enthusiasts as another turbulent weekend begins. Despite ongoing declines, they are not seen as final, and investors eagerly anticipate a period of stable increases for several months. What are the experts' forecasts?

Will the Federal Reserve's decisions affect cryptocurrency prices?

As of yesterday, alternative cryptocurrencies have not suffered severe losses, despite expectations of a decline. While Bitcoin is experiencing a gradual downturn, alternative cryptocurrencies are facing sharper setbacks. Positive employment data last Friday provided some relief, but without it, the Federal Reserve might have found itself in a bind with its scheduled decision on Wednesday.

Currently, there are doubts about the possibility of interest rate cuts even by June. According to Michael Bob, it is unlikely that the upcoming Federal Reserve meetings will result in interest rate cuts, warning of potential surprises if they do. Are cryptocurrencies undergoing a transitional phase?

With May arriving, expectations for selling cryptocurrencies are increasing in anticipation of declines. Many investors, exhausted over the months, may choose a temporary pause, leading to decreased trading volumes and possibly an increase in days of selling dominance.