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International Business Times
International Business Times
Business
Merin Rebecca Thomas

Bitcoin Slides Below $76,000 As Traders Pull Back Before Federal Reserve Decision

Digital assets fell sharply ahead of the Federal Reserve’s April meeting, with risk reduction and inflation concerns driving a coordinated market pullback. (Credit: AFP)

Cryptocurrency markets moved lower on Tuesday as traders reduced exposure ahead of the Federal Reserve's upcoming policy decision, triggering a broad decline across major digital assets and wiping out tens of billions in market value.

Bitcoin slipped below the $76,000 mark during the session, while the total cryptocurrency market capitalization fell about 1.8% to roughly $2.62 trillion, erasing close to $40 billion in a single day. Ether, XRP and BNB also declined, reflecting a wider risk-off shift across the sector.

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