Federal Reserve’s interest rate decision today.
Lower rates would weaken U.S. Treasury yields, making riskier assets such as cryptocurrencies more attractive to investors.
Bitcoin is technically in a correction, which means it's trading more than 10% lower than its prior high of $73,000 set not a week ago.
And this big move in the largest cryptocurrency by market capitalization has also spilled over into Ether (ETH), Solana (SOL) and Cardano (ADA), which also saw big drops in trade.
Crypto investors are closely watching the Federal Reserve this week for clues about the timing or magnitude of an interest rate cut.
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