Bitcoin News, Pi Crypto Price, US Fed Rate Cut, FOMC Meeting

Bitcoin (BTC) slipped below the $83,000 mark early Wednesday, while altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP) saw minor gains and dips. The Market Fear & Greed Index stood at 23 (Fear), indicating cautious sentiment. EOS emerged as the top gainer, soaring nearly 33% in 24 hours, while PI remained the biggest loser, dropping 7%. The global crypto market cap rose slightly by 0.35%, reaching $2.72 trillion.

The Federal Open Market Committee (FOMC) will wrap up its two-day meeting on Wednesday, with a major policy decision set for 2 p.m. Eastern. Investors and analysts are watching closely to see if the Federal Reserve will change interest rates or keep them steady. Fed Chair Jerome Powell will hold a press conference at 2:30 p.m. Eastern to provide insights into the decision and the central bank’s outlook. Markets may react sharply, so stay tuned for updates.