Bitcoin Holds Below $65,000 Amid Fed Concerns

Bitcoin's price has fallen below the $65,000 mark as the Federal Reserve prepares for its upcoming FOMC meeting. Investors are closely watching for any signals regarding interest rate adjustments, with expectations leaning towards rates remaining steady. Concerns are also mounting over the weakening corporate treasury bid supporting Bitcoin's rally, as evidenced by the recent drop in Strategy's preferred shares. This uncertainty, coupled with anticipation for the Fed's economic projections and clarity on the U.S.-Iran agreement, has led to a cautious market sentiment.