Bitcoin price plummets below $100,000 as fear mounts over looming Fed decision

Bitcoin and other cryptocurrencies were pummeled on Thursday over mounting fears the Federal Reserve would hold interest rates steady at a meeting next month. Bitcoin fell 4%, to $98,200 — its lowest value since May. Ethereum fell 8% to $3,167, its lowest value since July. The crypto crash is part of a larger rout that saw investors dump stocks across the board. The Nasdaq composite fell 2.3%. The fall was driven, in part, by concern over the Fed’s next move. Its rate cutting campaign has helped boost s ...