Bitcoin (BTC) Holds Around $57K, Crypto Market Drops 7% in Run-Up to FOMC Rate Decision

BTC has fallen about 7.5% in the past 24 hours having dropped below the $60,000 support level late on Tuesday, CoinDesk data show. The wider crypto market, as measured by the CoinDesk 20 Index (CD20), lost almost 9% before recovering some of the decline.