Kafeelkhan2

📉 Crypto Market Turns Red! What’s Happening? 😬 The market is flashing red today as traders brace for the upcoming FOMC meeting on Oct 29. Here’s what’s driving the dip 👇 🔹 Rate Cut Anticipation: The Fed is expected to lower rates by 25 bps, but traders are waiting for Powell’s guidance before making big moves. 🔹 Profit-Taking: Coins like $FLM , MDT, and $TRUMP saw major gains earlier this week — now some traders are locking in profits. 🔹 BTC Cooling Off: $BTC slipped below $113K, sparking short-term pullbacks in altcoins. 🔹 Global Risk Mood: Equities are also down, showing broader caution in markets. 💭 What’s Next? If Powell signals more easing ahead, crypto could rebound fast. But for now, traders are playing it safe. #FOMCMeeting #FOMC #MarketUpdate