Bitcoin (BTC) nosedives below $57,000 ahead of Fed decision

News Snapshot:

The logo of the cryptocurrency Bitcoin (BTC) can be seen on a coin standing in front of a Bitcoin chart. Bitcoin on Wednesday plunged sharply to its lowest level in over two months amid broader risk-off sentiment in markets, as investors kept an eye on the U.S. Federal Reserve's upcoming interest rate decision. The world's top digital currency by market value dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko. Bitcoin was last down 6.3% Wednesday to a price of $57,505.24. Rival cryptocurrencies ether, solana, and XRP fell 4.5%,...