Bitcoin Falls to the $65,000 Range Ahead of FOMC on Rate-Hike Caution [Crypto Briefing]

[Financial News] Bitcoin fell to the $65,000 range on the 23rd, ahead of the Federal Open Market Committee (FOMC) meeting in the United States.
According to global crypto data platform CoinMarketCap, Bitcoin was trading in the $65,000 range at 10:40 a.m. on the day, down 0.85% from the previous day on a 24-hour basis. Over the past week, Bitcoin has risen 1.84%.
Bitcoin is trading in the 95 million won range on the Korean won market. Based on global crypto market comparison platform Cryprice, the Korea premium stood at -0.78%.
As markets focus on the FOMC results due on the 28th and 29th, local time, sentiment is leaning toward the possibility of a benchmark rate hike. However, if the outcome suggests no further hikes this year, risk appetite could recover.
Meanwhile, the market is also watching the chances of passage for the Digital Asset Market Clarity Act, a bill on crypto market structure. According to foreign media reports, a revised consolidated version of the bill, including ethics provisions, was recently released. However, Democratic Party senators in the United States Senate are reportedly pushing back, saying the draft is inadequate.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 39 on the day, indicating 'fear.' The index ranges from 0 to 100, with values closer to 0 interpreted as 'extreme fear' and values closer to 100 as 'extreme greed.'
At the same time, Ethereum was trading in the $1,928 range, down 0.19% from the previous day. Ripple was trading in the $1.13 range, down 0.44%.

[email protected] Lim Sang-hyuk Reporter