Crypto Market Anxiety Mounts as Fed Decision Looms

The cryptocurrency market is bracing for the Federal Reserve’s interest rate decision, with uncertainty driving investor sentiment. Following a sharp decline in Bitcoin’s price on Sunday to $93,377 according to Binance TR data, trading volume has also decreased significantly. Past economic uncertainties have led investors to adopt a cautious approach and are now waiting anxiously for the Fed’s next move. The market is expecting no rate cuts despite initial optimism following the latest employment data that showed a balance between recession fears and potential rate reductions.