Bitcoin Falls 4.56% to $71,333 as Fed Holds Rates at 3.50%-3.75%
Bitcoin fell 4.56% to $71,333 after the Federal Reserve kept its policy rate unchanged at 3.50%-3.75%, triggering a "sell the news" reaction. Fed Chair Jerome Powell cited sticky inflation and potential oil shock risks while offering no clear guidance on near-term rate cuts. Bitcoin has declined after 7 of the last 8 FOMC meetings, and traders are watching the $70,000-$71,000 support band as a key area.