Bitcoin Drops Below $88K Amid Fed Rate Decision, Government Shutdown Risk
Bitcoin experienced a downturn on Sunday, alongside other major tokens, as markets braced for the Federal Reserve's upcoming rate decision. The market is also reacting to the potential risk of a government shutdown and the anticipation of earnings reports from the Magnificent Seven companies. The price of Bitcoin slipped below $88,000 as investors adjusted their positions in response to these macroeconomic factors. The Federal Reserve's monetary policy decisions and government fiscal stability often influence investor sentiment and market movements in the cryptocurrency space.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.