🚨Bitcoin is once again approaching the danger zone ahead of the Fed's decision
Bitcoin has lost gains since the beginning of the week, dropping closer to the $90,000 level as traders prepare for the Federal Reserve's decision on rates on Wednesday.
📊A cut in the interest rate by 25 basis points has been priced in for several weeks, and risk assets may drop on news if no new catalysts emerge.
🛑Tokens such as HYPE, STRK, QNT, and KAS have fallen by 6%–9% in 24 hours
The CoinMarketCap altcoin season index is at a cycle low of 18/100.
💸Bitcoin has dropped by 20% in 90 days, and more than half of the top 100 tokens have decreased by at least 40%. FET and TIA are among the worst performers in the market, while ZEC, DASH, BNB, and BCH stand out as rare stabilizers.
BTC
92,179.51
+1.74%
STRK
0.1101
-1.60%
ZEC
428.11
-1.48%