Bitcoin and the wider cryptocurrency market experienced a decline on Monday in anticipation of the upcoming Federal Reserve meeting. Market participants were concerned about potential indications of higher interest rates and their impact on digital assets. Bitcoin hit a one-week low of $61,928 before slightly recovering to $62,387. Demand for U.S. spot Bitcoin ETFs has been moderate, slowing Bitcoin's 2024 gain to over 47% from its mid-March high. The Federal Reserve is likely to maintain interest rates on May 1, while the U.S. will reveal the April unemployment rate on May 3. Discussions abound regarding the impact of interest rates on digital assets, with higher rates being considered a risk for assets like Bitcoin. The market awaits the Federal Reserve's insight and any signals that could affect digital asset markets. The recent Bitcoin halving, reducing supply inflation and increasing scarcity, has raised questions about its effects on Bitcoin's price trajectory. Over 93% of the total Bitcoin supply has been mined, with the remaining supply set to be issued over the next 126 years, impacting BTC's price in the future.