Why was Bitcoin down on Jul 28, 2026, 6:58 AM UTC?

Bitcoin's 2.79% 24-hour decline appears loosely connected to the Korea Kospi plunge and broader market sentiment, though the immediate 15min/1h moves (under 0.2%) suggest no single catalyst is actively driving price right now. The U.S. Senate delay on crypto regulation and Fed meeting uncertainty are noted headwinds, but the recent selloff seems more tied to regional equities weakness than Bitcoin-specific news. Current consolidation likely reflects wait-and-see positioning ahead of the Fed decision mentioned in the headlines.