Why was Bitcoin down on Jul 28, 2026, 2:52 AM UTC?

Bitcoin is down 3.25% over 24 hours, likely driven by the upcoming high-stakes Fed meeting mentioned in the news, which typically creates uncertainty around interest rate expectations and risk asset valuations. The recent news about regulatory delays (Clarity Act postponement) and crypto industry headcount cuts suggests some headwinds, though these appear secondary to macro factors—the Fed decision appears to be the primary near-term catalyst.