The crypto market is experiencing a downturn today, with Bitcoin (BTC) trading around $90,061, down 0.16%. The global crypto market capitalization stands at approximately $3.13 trillion, down 2.4% in the last 24 hours .
*Key Factors Influencing the Market:*
- _Federal Reserve Uncertainty_: Investors are awaiting the Fed's interest rate decision, with an 86.2% probability of a 25-basis-point cut.
- _Liquidations_: Over $413.35 million worth of positions were liquidated in 24 hours, triggering a chain reaction.
- _Whale Movements_: Unusual whale activity, including a dormant Bitcoin whale transferring 1,000 BTC, has sparked speculation.
- _Inflation Data_: Stubborn inflation trends have triggered fear across risk assets .
*Top Losers:*
- Ethereum (ETH): 3.66% down to $3,040
- XRP: 7.6% down
- Solana (SOL): 7% down
- Dogecoin (DOGE): 8% down
