By Chris Hollingworth 
Bitcoin has experienced increased selling pressure as traders brace for the Federal Open Market Committee (FOMC) meeting results scheduled for today. The anticipation of the FOMC’s decision has led to heightened volatility in the cryptocurrency market, with some speculating that Bitcoin’s price could potentially drop to $100,000.
The FOMC meeting is closely watched by investors and traders as it provides insights into the Federal Reserve’s monetary policy stance, which can have a significant impact on various asset classes, including cryptocurrencies. The uncertainty surrounding the outcome of the meeting has contributed to the selling pressure on Bitcoin in recent trading sessions.
Despite the short-term fluctuations in Bitcoin’s price, it is essential for investors to focus on the long-term fundamentals of the cryptocurrency market. Factors such as increasing mainstream adoption, institutional interest, and limited supply continue to support the bullish case for Bitcoin over the long term.
While market sentiment may be influenced by external events such as the FOMC meeting, it is crucial for investors to conduct thorough research and make informed decisions based on their investment goals and risk tolerance. As always, volatility in the cryptocurrency market can present both opportunities and risks for investors, and it is important to approach trading with caution and a long-term perspective.
