Bitcoin Holds Steady Ahead of Federal Reserve Decision as Markets Watch $70K Level

WHY IT MATTERS

The Federal Reserve is the central bank of the United States, and its decisions about interest rates affect the entire global financial system. Think of interest rates like the price of borrowing money — when rates are low, people and institutions are more willing to invest in riskier assets like stocks and crypto because safer options like savings accounts pay very little. When rates go up, the opposite tends to happen. A 'sell-off' means many people are selling at once, usually out of caution before a big announcement. The fact that Bitcoin held its price during this sell-off suggests there were also buyers willing to step in, but this does not guarantee any particular outcome after the Fed's decision is made.