Bitcoin and Crypto Prices at Risk as FOMC Meeting Looms

Bitcoin rebounds to nearly $65,000 after a 15% dip, with the looming Federal Reserve decision posing a risk for crypto asset prices due to concerns over a less investor-friendly stance amid strong U.S. economic data and sticky inflation. The correction follows hotter-than-expected U.S. inflation readings, potentially delaying interest rate cuts. Investors are closely watching the Fed's decision, as a more hawkish message could curb appetite for risk assets like cryptocurrencies, leading to further price pressure.