Bitcoin holds its breath 😮‍💨

Bitcoin dipped below $82,000 Tuesday morning as traders waited with bated breath for Wednesday's Federal Reserve decision on interest rates.

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📝 What you need to know

Bitcoin’s price appears to be in a holding pattern ahead of Wednesday’s Federal Reserve decision on interest rates, slipping to under $82,000 Tuesday morning.

Trading volume has dropped sharply week-on-week, while just 1% of traders are holding out hope that the Federal Reserve will announce a rate cut tomorrow, according to the CME FedWatch Tool.

Predictors on MYRIAD, the decentralized prediction market launched by Decrypt’s parent company DASTAN, were split on whether Bitcoin would rise above $83,000 by the end of the week, with 56% voting yes as of Tuesday morning.

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