Cryptocurrencies
Bitcoin Is Set for Monthly Drop While ApeCoin Whipsaws NFT Token Fans
- Poor macro results outweigh institutional adoption on Bitcoin
- NFT token ApeCoin sees big liquidations due to price swings
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Bitcoin is poised to see its first monthly decline since January with rising borrowing rates curtailing investors’ appetite for riskier assets.
The largest cryptocurrency by market value fell Friday to below $40,000, and is down nearly 14% in April. Ether, the next largest token, was also lower, and has slumped around 13%.