Crypto Market Plunges Amid Fed Uncertainty, Bitcoin Slides Below $114,000

The cryptocurrency market experienced a significant downturn on Tuesday as investor fears regarding the Federal Reserve’s monetary policy amplified. Bitcoin plummeted below the $114,000 level, Ethereum followed suit with losses exceeding $4,250, while XRP experienced a further drop of 3.67%. This sharp decline mirrored broader market movements as cryptocurrency-related stocks suffered significant losses, highlighting the vulnerability of digital assets to interest rate fluctuations.