In a turbulent twist for the cryptocurrency market, Bitcoin's recent price movements have led to discussions about institutional influence and market dynamics. The leading cryptocurrency fell below $117,000 at the close of trading on Tuesday, reflecting the recent market retreat. However, during the European session, Bitcoin climbed above $118,200, suggesting a potential recovery and underscoring the volatile nature of digital assets.

The cryptocurrency market is currently cautious as investors brace for a packed schedule of macroeconomic news later in the week. There is selling pressure on Bitcoin as it approaches the $119,000 mark, indicating current market instability. In this context, the upcoming Federal Reserve meeting may disrupt the current quietude in the Bitcoin market. Analysts

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