Will Fed Rate Hike Impact Cryptocurrency?

The upcoming Federal Reserve decision on interest rates is generating significant market anticipation, with cryptocurrency investors closely monitoring the potential implications. Recent data shows a downturn in the crypto market as Bitcoin’s price has dropped to $93,377 within the past 24 hours, according to Binance TR data, alongside decreased trading activity. This cautious market sentiment reflects investor reluctance fueled by past unfavorable experiences related to interest rate changes.