Crypto Market Faces Uncertainties Amidst Fed Concerns and September Volatility

September started with uncertainty for the cryptocurrency market, as August’s mixed fortunes gave way to concerns about the Federal Reserve’s (Fed) independence. A key factor driving this shift is the upcoming Fed rate decision and the potential impact of legal proceedings against one of its voting members. While experts speculate on the 50bp interest rate cut possibility, investor fears have led to cautious risk management strategies.