Cryptocurrencies dipped Tuesday while US equities posted mixed returns midway through Tuesday’s session as investors awaited inflation data and an update from the Federal Reserve. 

Bitcoin and ether were each trading around 4% lower over 24 hours at time of publication, according to Coinbase. Bitcoin hovered around $66,900 after briefly breaching the $70,000 level Monday. 

The S&P 500 and Nasdaq Composite indexes were mostly flat, losing 0.2% and gaining 0.15%, respectively, at time of publication. 

Federal Open Market Committee members gathered Tuesday morning for the first day of their two-day policy setting meeting. Central bankers are expected to release their interest rate…

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