Forex
Bitcoin Price Tumbles Below $79k Amid Interest Rate Fears
Bitcoin's price slipped below $79,000 on Wednesday as investors took a cautious approach to risk assets ahead of US inflation data and next week's Federal Reserve interest-rate decision.
The world's largest cryptocurrency was trading at around $78,751, down 0.7%, after moving between an intraday low of $77,680 and a high of $79,432.
Ethereum remained relatively steady at $2,494.75, while Solana slipped 0.4% to $103.71. XRP bucked the trend, gaining 1.4% to $1.42.
The pullback comes after Bitcoin's brief move above $82,000 last week, when falling bond yields and expectations of a dovish Fed encouraged renewed demand for risk assets.