Bitcoin Decline: Uncertain Waiting in the Markets

Latest Developments in the Bitcoin and Altcoin Market

Bitcoin continues to drift towards a dangerous zone ahead of the Federal Reserve decisions. Market expectations for a 25 basis point rate cut have been priced in for weeks, and in this case, risky assets are likely to depreciate unless new triggers arise.

HYPE, STRK, QNT, and KAS tokens have lost between 6% and 9% in value over the last 24 hours. The CoinMarketCap altcoin season index has dropped to a cyclical low of 18 out of 100.

It has been observed that Bitcoin’s value has decreased by 20% within fifty days, and more than half of the top 100 tokens have experienced losses of over 40%. FET and TIA are among the worst performers, while ZEC, DASH, BNB, and BCH stand out as rare stabilizers.