Bitcoin drops below $102,000, with altcoins declining up to 6%, amid market uncertainty ahead of a key Federal Reserve decision.

The cryptocurrency market saw a notable downturn with Bitcoin falling below the $102,000 threshold, as anticipation grows around the forthcoming Federal Reserve decision. This decline reflects a broader caution in the markets, driven by regulatory uncertainty and macroeconomic pressures. Altcoins also faced significant setbacks, with some registering losses up to 6%, highlighting continued volatility within the digital asset space. Bitcoin’s price movement remains a critical focal point for investors, signalling potential ripple effects across the broader crypto market. Meanwhile, market participants maintain heightened focus on the Fed's policy direction, considering its impact on global liquidity and speculative investments like cryptocurrencies. The ongoing turbulence illustrates the fragile interplay between traditional finance and the crypto sphere, emphasizing the need for both short-term strategic adaptations and long-term regulatory clarity. The decline underscores the role of external economic policy on decentralised financial ecosystems, painting a complex picture of risk and opportunity for traders and investors alike.