Market Watch: BTC Dips Pre-FOMC Meeting and PI Surges 15%

The cryptocurrency market experienced a loss with Bitcoin (BTC) briefly dipping to around $112,000 ahead of the Federal Reserve's decision on interest rates, representing a 1.2% decline on a daily scale. The expected volatility is in anticipation of the FOMC meeting, where a decision will be made on whether to raise, lower or maintain current interest rates. Meanwhile, Pi Network's native cryptocurrency, PI, saw a double-digit increase of 15%, making it the best-performing digital asset of the day. Other significant cryptocurrencies like Ethereum (ETH) also experienced a drop. The total cryptocurrency market capitalization has reduced by 1.7% to approximately $3.88 trillion. The market is eagerly awaiting the impact of the Fed's decision on the crypto sector.