Fed Rate Hike Expectations Weigh on Bitcoin

Bitcoin's price fell amid expectations of a rate hike by the Federal Reserve. The cryptocurrency market has been closely watching the Fed's decisions, which can significantly impact its value.

The exact timing and magnitude of the rate hike are yet to be confirmed, but investors seem to be bracing for a potential increase in interest rates. This would make borrowing more expensive and potentially reduce demand for riskier assets like cryptocurrencies.