Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision
CoinDesk
Bitcoin fell toward $90,000 as traders awaited the Federal Reserve's rate decision, with many expecting a priced-in 25 basis-point cut.Summary
The crypto market lost momentum, with Bitcoin retreating to around $90,150 ahead of the Federal Reserve's interest-rate decision, where a 25 basis-point cut is widely anticipated. Since this cut is largely priced in, there is a risk that risk assets could sell off if no new bullish catalysts emerge. The broader altcoin market is underperforming significantly; the altcoin-season index is at a cycle low of 18/100, and over half of the top-100 tokens have dropped more than 40% in 90 days. Tokens like HYPE, STRK, QNT, and KAS saw 6%-9% declines, while FET and TIA were among the worst performers. Conversely, privacy coins like ZEC and DASH, along with BNB and BCH, have shown relative stability amid the broader market weakness.
(Source：CoinDesk)