Bitcoin fell below $75,000 following the Federal Reserve's decision to keep interest rates unchanged, a move that was widely anticipated by the market. Despite the expected pause, Bitcoin's price dropped to a multi-day low before recovering approximately $1,000, ending the day down over 1%. This decline reflects a broader market hesitation, as traders appeared concerned about exhausted momentum after a volatile week.
The broader cryptocurrency market also experienced declines, with Ethereum dropping 3% to $2,250 and several large-cap tokens like BNB, XRP, and SOL posting losses between 1% and 2%. Altcoins such as WLFI and PI saw significant drops, with WLFI falling over 16% and PI down 11%. Despite these declines, RAIN bucked the trend, rising 6%. Overall, the total crypto market capitalization decreased by more than $60 billion to $2.620 trillion, indicating a market-wide risk reset.
Bitcoin Dips Below $75K as Fed Maintains Interest Rates
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