Sönmez also said that the second quarter had an unfortunate start for Bitcoin, even though it broke the all-time high record in March, and added: “In the first days of April, Bitcoin suddenly dropped from over 70 thousand to 65 thousand. The loss of value exceeding 5 percent also led to a 7 percent loss in Ethereum. One of the most important reasons for these losses is the instability in spot Bitcoin ETFs and the slowdown in record net inflows. However, on the other hand, strong economic data from the USA reduces hopes that the US central bank, the FED, will start reducing interest rates in June. As treasury bonds rise in the US, investors also take these developments into account in their quarterly portfolio adjustments. The strong US economy is directly reflected in cryptocurrency prices, especially since Bitcoin has recently become one of the favorite instruments of corporate and high net worth investors. "The first week of the second quarter showed that the theme of April in Bitcoin is volatility," he said.

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