Crypto Daybook Americas: Bitcoin Bulls Underpin Price After Pro-BTC Candidate Loses in Canada

Quick Summary:

The CME FedWatch Tool currently indicates a 91% probability of the Fed funds rate being held at at 4.25%–4.50% at the May 7 FOMC meeting.

Bitcoin (BTC) remains stuck near the $95,000 mark, apparently unfazed by the Canadian election result, which saw the crypto-friendly candidate for prime minister lose his seat.

A downward difficulty adjustment of more than 5% is anticipated in four days and will provide some much-needed relief to miners, who have been grappling with hashprice levels near five-year lows.

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Category: Crypto

Markets: United StatesBrazilCanadaCubaMexico

Topics: Crypto Daybook Americas News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 11:15:00 (19 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © CoinDesk

News ID: 28285401

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