Will Cryptocurrencies Feel the Impact of the Fed’s Upcoming Rate Decisions?

Despite a recent slowdown in cryptocurrency prices, Bitcoin has held steady around $94,800. However, most altcoins continue to decline, contributing to overall losses. The anticipated Federal Reserve rate cut, originally expected as early as July, is facing delays. While the market now anticipates at least 125 basis point cuts with a possible decision on July 30th, this uncertainty is impacting Ethereum (ETH), Avalanche (AVAX), and Pi Coin.