🚀 Bitcoin takes a breather, facing selling pressure after Tuesday's indecisive price action marked by a Doji candle. Traders are de-risking ahead of an expected hawkish Fed rate cut announcement later today.
- BTC dropped 2% to around $103,750 after hitting a record high of over $108,000.
- Alternative cryptocurrencies like XRP, SOL, and ETH are also seeing losses.
- The Fed's decision on rates and economic forecasts will be revealed at 14:00 ET.
What are your thoughts on the Fed's impact on crypto? Share in the comments! 📈