Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coinpedia Fintech News on May 01, 2023, 01:17:30 PM
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Bitcoin (BTC) price opened the first week of May on a bearish outlook. Having closed April in a Doji candlestick, Bitcoin bulls are facing a challenging time ahead as cash flows to performing altcoins, particularly the meme coin industry. Nevertheless, there are several high-impact news this week, which could be a catalyst for Bitcoin’s bullish sentiment. Among them is the FOMC statement expected on Wednesday.
Meanwhile, the downfall of First Republic Bank, after the collapse of three regional banks in the United States has aroused fears of more bank runs. As a result, Bitcoin and other digital assets that offer deflationary aspects are expected to significantly benefit.