BTC trades below $65K, with the Fed expected to hold rates while inflation sits near a three-year high ahead of Warsh's first FOMC meeting.

Bitcoin slipped to about 65,850 on Tuesday as traders trimmed risk before a pivotal Federal Reserve decision, the new chair's first, that will set crypto's next direction.

Bitcoin traders diverge over what BTC price action will do after the FOMC meeting, but a $55,000 target remains on the table.