Bitcoin Takes a Tumble: Cryptocurrency Falls to $66,500 Amid Market Caution

Despite the overall market decline on Tuesday, bitcoin (BTC) stood out as the biggest underperformer, experiencing a sharp drop of over 4% and reaching $66,500. This marked its worst daily performance since April and contributed to the market's cautious stance ahead of key events on Wednesday, including the inflation report and the FOMC meeting. While the tech-heavy Nasdaq 100 managed to avoid losses, major indices like the S&P 500 and Dow Jones fell slightly. Apple Inc. (AAPL) surged 5.9%, continuing its post-earnings rally driven by positive analyst notes.