Bitcoin price dropped slightly as concerns about the economy continued
. In the United States, the Dow Jones, Nasdaq 100, and S&P 500 indices dropped by more than 0.50%. The commodities market was also in the red, with the price of crude oil falling by more than 4%.
Meanwhile, the housing numbers were also good. The data revealed that the house price index rose by 0.6% in March and by 3.6% from the same period in 2022. These numbers, together with the strong inflation data published on Friday, means that the Fed could be forced to hike rates in June. The index jumped to the greed area of 67 as Nvidia hit a market cap of over $1 trillion despite annual profits of less than $5 billion.
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