Bitcoin's Correction and Crypto Stocks Tank

Bitcoin's Correction and Crypto Stocks Tank

Bitcoin (BTC) is trading under $65,000 ahead of the Federal Reserve's interest rate decision.

The sell-off has affected other tokens and crypto-related stocks, including Ether, Solana, and Cardano.

Crypto investors are closely monitoring the Federal Reserve for clues about the timing or magnitude of an interest rate cut.

The Bank of Japan raised rates for the first time in 14 years, potentially signaling potential pressure on U.S. Treasurys.

The market is also watching for the consequences of the halving next month, when the price of the cryptocurrency is expected to increase.

The demand for bitcoin generated by spot bitcoin ETFs was credited for the recent rally in the cryptocurrency's prices.

Crypto-Related stocks, including MicroStrategy (MSTR), are feeling the heat due to the bitcoin halving event in April.

Some miner stocks, including Marathon Digital (MARA), Riot Blockchain (RIOT), and Cleanspark (CLSK), dropped in trading.

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