Bitcoin (BTC) price declined by 2.7% in the past 24 hours as the US Federal Reserve (Fed) looks poised to initiate its widely anticipated rate-cut cycle this week.
Despite hovering around $60,000 throughout most of the weekend, BTC experienced a slump ahead of the Fed’s potential adjustments. The market is closely watching to see if this drop is merely a precursor to more significant changes in the near future.
