Bitcoin Drops Below $118.5K as Fed Decision and Tariff Fears Shake Crypto Market

Bitcoin faced renewed selling pressure on Wednesday, falling 0.45% to $118,446.5 as traders braced for pivotal macroeconomic events. This drop comes amid heightened caution ahead of the Federal Reserve’s July policy meeting and the looming implementation of steep U.S. tariffs on August 1. Despite a strong July performance, the flagship cryptocurrency remains under pressure due…