Bitcoin is Declining: Uncertain Wait in the Markets

Recent Developments in the Bitcoin and Altcoin Market

Bitcoin continues to move into a dangerous territory ahead of Federal Reserve decisions. The market has been pricing in a 25 basis point rate cut for weeks, and in this situation, risky assets are likely to experience a loss of value unless new triggers emerge.

Tokens such as HYPE, STRK, QNT, and KAS have lost between 6% and 9% in value in 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 has decreased in value 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.