Bitcoin slips to $63,414 as investors grow cautious ahead of the Federal Reserve's upcoming rate decision.
What happened: Bitcoin has hit a speed bump, sliding 2.3% to $63,414 during Asia trading hours. This marks the digital asset's lowest price point in the last 11 days.
Why it matters: Market jitters are mounting as the Federal Reserve prepares for its next rate decision. Investors are worried that a potential rate hike could dampen risk appetite, putting pressure on crypto prices after a month of modest recovery attempts.
This report was prepared by the GetChart analytics platform based on aggregated market data. The material is for informational purposes only and does not constitute financial advice.
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