Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

The U.S. central bank’s two-day, closed-door meeting is set to start Tuesday and culminate Wednesday with a statement at 2 p.m. ET (18:00 UTC). For much of this year, bitcoin, the largest cryptocurrency, has traded in sync with U.S. stocks, which have come under pressure from the Fed’s efforts to tighten monetary policy in the face of soaring consumer prices.

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