Here's a paraphrased version:
Bitcoin's recent decline is linked to the anticipation surrounding the Fed's interest rate decision and statements by Chairman Powell. Market anxiety is fueled by expectations of Powell's remarks following the announcement today. Additionally, decreasing investments in Bitcoin ETFs, with each day showing negative returns last week, further contributed to the cryptocurrency's downturn. Analysts suggest that profit-taking by investors who entered during recent crises, along with ETF investors seeing significant gains in early 2024, are driving this trend. While the Fed may not adjust interest rates from a macro perspective, the belief among investors that rates may remain high could impact assets like cryptocurrencies, emerging market stocks, bonds, and commodities. Traders are watching for potential market movements based on the Fed's decision, set to be announced tonight at 21:00, followed by Powell's press conference at 21:30.
