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U.S. stock markets closed lower on Tuesday as investors awaited the Federal Reserve's interest rate decision, with Nvidia and Meta among the top stocks that lost ground. Sarepta's stock plunged after a patient death following treatment with its gene therapy, while Tesla's shares dropped after Nvidia's partnership with General Motors on self-driving vehicles.

Cryptocurrency markets are experiencing a downward trend on Tuesday as investors brace for the upcoming FOMC meeting. This meeting, which will be held tomorrow, is expected to have a significant impact on the market, with some analysts predicting a further decline in prices while others remain optimistic about a potential rally.

NVIDIA and General Motors announced a partnership to develop self-driving vehicles, adding to the competition Tesla faces in the autonomous driving space. Tesla plans to launch its first robotaxi service in Austin in June 2025, using Tesla-owned vehicles equipped with an unsupervised version of the company's Full Self-Driving (FSD) software.

AppLovin Corp (APP) has been under intense scrutiny in recent weeks, with its stock price plummeting over 40% following a barrage of short seller reports alleging fraudulent advertising practices. The company's shares have taken a nosedive, dropping from a high of $525 to a current level of $278.84, raising serious concerns about its long-term viability.

Bitcoin has experienced a significant price drop of 16% in the past month, prompting concerns among analysts about a potential shift towards a macro downtrend. Key indicators, such as increased profit-taking by large investors and miners, alongside a dramatic decrease in capital inflows, suggest a possible entry into a bear market phase.