Bitcoin slides to $63,000 on Fed decision and regulatory outlook
Bitcoin fell to $63,000 as the Federal Reserve prepares to announce its next decision and prospects for dedicated cryptocurrency regulation dim.
Bitcoin's price declined to $63,000 amid two overlapping headwinds. Market attention is focused on the forthcoming Federal Reserve decision, which carries implications for asset valuations across markets. At the same time, hopes for regulatory clarity in the cryptocurrency sector have faded, removing one potential source of optimism for digital assets.
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