Crypto Market Reacts as Fed Looms, Tech Earnings in Focus

Traders are bracing for a potential 25 basis point rate cut from the Federal Reserve, but market focus is shifting to Jerome Powell’s post-meeting press conference. Every word will be scrutinized for clues about the Fed’s trajectory toward easing year-end. Amidst this anticipation, we see rising crypto volatility: over $513 million in leveraged positions have been liquidated in the past 24 hours, with traders adjusting their bets in the face of the upcoming announcement.