Why Is Crypto Down Today? Bitcoin Coils Below $88k As Market Waits For Q4 GDP Data
Bitcoin slipped back below the $90,000 mark on Thursday as traders reacted to the Federal Reserve’s first rate decision of 2026.
The largest cryptocurrency is trading near $87,700, after briefly moving above $90,000 earlier in the day.
The wider crypto market also edged lower before and after the Fed announcement.
The US central bank kept interest rates unchanged in the 3.50%–3.75% range. Officials repeated that future moves will be decided “meeting by meeting.”
That message failed to calm markets and kept risk assets uneven.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
CoinGecko data showed total crypto market value at about $3.11 trillion, down roughly 0.1% over the past 24 hours. Bitcoin was close to…
