The Federal Reserve of the United States (the Fed) will soon have a meeting to decide whether to lower interest rates or not.
According to CME FedWatch data, there is only a 2.7% probability that they will do so in May, which means it is unlikely.
Still, former President Trump publicly called for lower rates. In that context, the price of Bitcoin fell by 3.31%.
This news is important for those who invest in cryptocurrencies, as the Fed's decisions can significantly impact the market.