Bitcoin's price has declined by approximately 3.70% as markets anticipate the Federal Reserve's expected rate cut. While this rate cut could positively impact riskier assets like cryptocurrencies, investor sentiment remains cautious due to uncertainty over the size of the rate cut and how the market will react to the Fed's updated economic projections and Chairman Jerome Powell's briefing. Traders in the bitcoin options market are preparing for a significant shift in response to the Fed meeting, reflecting the increased anticipation surrounding the policy change.



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