Bitcoin Weakens in Asia Trading as Fed Rate Decision Looms

Bitcoin fell as much as 2.3 percent to $63,414 in early Asia trading as investors weighed the prospect of a potential US Federal Reserve rate hike on Wednesday. Ether dropped 3.6 percent, with traders pricing in roughly a one-in-three chance of a quarter-point hike. US-listed Bitcoin ETFs saw more than $465 million of outflows on July 23-24, snapping a seven-session inflow streak and underscoring the fragility of the recent recovery.