Bitcoin Drops, Dollar Bounces Ahead of Federal Reserve Rate Announcement

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets.

The number-one cryptocurrency by market value is trading near $30,800 at press time, representing a 5% drop on the day, according to CoinDesk 20 data. European stocks and futures tied to the S&P 500 are flashing moderate losses. The Dollar Index, which tracks the greenback’s value against major fiat…

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