Ahead of the U.S. Fed decision, the price of the digital currency plummeted to a two-month low

Bitcoin dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko.

Bitcoin down 3.8% at $57,481, its lowest since late February. Bitcoin posted its worst monthly performance in April since late 2022. The Federal Reserve is not expected to make any changes to interest rates later. View is taking root among investors that the central bank may not cut rates at all this year.