Bitcoin is trading below $65,000 following the Federal Reserve's decision to hold interest rates steady. This move has created uncertainty in the financial markets, impacting investor sentiment towards cryptocurrencies.

Additionally, escalating tensions in the Middle East have further contributed to market volatility. The geopolitical instability is causing investors to seek safer assets, leading to a decline in Bitcoin's value.

The current market environment suggests a challenging period ahead for the cryptocurrency sector, with regulatory scrutiny and global events adding to the pressure.