The Bitcoin (BTC) price has plummeted to a weekly low, sparking concerns among investors and traders as they await the Federal Reserve's decision on interest rate cuts ¹. This development comes after a period of relative stability for BTC, which had been trading above $68,500 levels ¹. However, in the last 24 hours, the price has dropped by an additional 2%, slipping under $68,500 and indicating potential further decline ¹.

Key Points:

- Bitcoin price drops to weekly low, sparking concerns among investors and traders.

- The decline comes ahead of the Federal Reserve's decision on interest rate cuts.

- BTC had been trading above $68,500 levels, but has dropped by an additional 2% in the last 24 hours.

- The price slump indicates potential further decline, causing apprehension in the market.

- Investors and traders are closely watching the Federal Reserve's decision, which may impact the cryptocurrency market.

- The current volatility highlights the unpredictable nature of the cryptocurrency market, emphasizing the need for caution and informed investment decisions.

This recent price drop may be attributed to various factors, including market sentiment and the anticipation surrounding the Federal Reserve's decision ². As the cryptocurrency market continues to experience fluctuations, investors and traders remain cautious, awaiting the outcome of the Federal Reserve's decision and its potential impact on the market ³.