Bitcoin Slips Under $77K Ahead of FOMC Meeting

Bitcoin has dipped below the $77,700 mark while traders prepare for the Federal Reserve FOMC interest rate decision tomorrow. Market participants are feeling the heat as caution sets in across the board.

Selling pressure has brought heavy losses to the derivatives market. Data shows that nearly 79,000 traders faced liquidation over the past 24 hours. Total liquidations reached $337.75 million during this sudden downturn.

Traders are now watching the charts closely to see if Bitcoin can hold current support levels or if further drops are coming. All eyes remain fixed on tomorrow's central bank announcement for the next major market direction.