Bitcoin fell below the $76,000 mark as market caution reached an extreme ahead of the Federal Open Market Committee (FOMC) interest rate decision scheduled for Wednesday local time, BeInCrypto analyzed. As investors engaged in risk management, $40 billion evaporated from the total cryptocurrency market capitalization in a single day. CME FedWatch predicts a 100% probability that interest rates will be frozen at 3.50%~3.75% in this meeting. Market attention is focused not on whether interest rates will be frozen, but on the level of Federal Reserve Chairman Jerome Powell's final remarks during his term and signals of policy transition to the next chairman nominee, Kevin Warsh. Experts analyzed that the uncertainty during the policy transition period is dampening investment sentiment.
