Bitcoin Hovers in Sight of Lowest Level Since 2020 as Fed Looms

Cryptocurrency investors waited with bated breath for the Federal Reserve's policy decision, which may hold the key to whether bitcoin can avoid plunging to levels last seen as the global pandemic unfolds.

The largest token was little changed at $19,000 in Singapore on Wednesday morning, while other major coins such as Ether, Solana and Avalanche were also steady. A fall of more than 7% in Bitcoin which could happen in seconds to the digital asset would send it back to its 2020 value.