Bitcoin Trades Below $90,000 Ahead of U.S. Fed Rate Decision

Analysts note cautious market sentiment as traders await the Federal Reserve's upcoming interest rate announcement.

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Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for setting monetary policy, including interest rates.
  • Interest Rate Decision: An announcement by a central bank on changes to benchmark rates, influencing borrowing costs and market sentiment.
  • Bitcoin: A decentralized digital currency operating without a central authority, relying on blockchain technology for transactions.