Bitcoin and Ethereum plummet, and we need to prepare for the Fed's interest rate decision

Columns：Cryptocurrency Opinion and Analysis author：btczxw time：2024-09-16 20:41:48

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With the recent plunge in Bitcoin and Ethereum, the market is facing more uncertainty. The upcoming interest rate decision of the Federal Reserve will have a significant impact on the cryptocurrency market. Investors need to remain vigilant to deal with the sharp volatility that may occur in the future.

In the past 24 hours, Bitcoin (BTC) fell 3% and Ethereum (ETH) fell 6%, and the market's expectations for the Fed's interest rate cut are increasing. Analysts pointed out that a 50 basis point rate cut could bring some boost to the cryptocurrency market. However, such a move may also hint at an economic slowdown, triggering a sell-off in risky assets.

Follow our updates to learn about the upcoming interest rate decision and its potential impact on the market. In these challenging times, information is power!

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