Bitcoin's April drop could signal a bear market, with the possibility of falling to the mid-to-low $50,000 region, according to Ledn CIO.
Interest rate fears and poor debut of crypto ETFs contributed to Bitcoin tumbling below $60,000, along with overall market decline.
U.S. Federal Reserve's interest rate outlook, stronger economic data, and dollar strength are impacting the digital asset market negatively.
Bitcoin and the broader crypto market are facing their worst monthly decline since November 2022, potentially breaking a seven-month winning streak.
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