💀 Cryptocurrencies back in the red?
BTC at $93,762 (−0.4%), $ETH — $1.766 (−0.6%), altcoins — in the red zone: $XRP −3.8%, ADA −4.5%, SOL −2%. Total cryptocurrency market capitalization — $2.45 trillion, the fear and greed index continues to decline.
⛔️ Why are we falling?
1. U.S. Federal Reserve meeting. Investors expect Powell may give strong signals on rates, which will affect risk assets, including cryptocurrencies.
2. Bill in the U.S. A law is being considered that will limit the use of DEX and stablecoins, which will reduce liquidity.
3. Falling stock markets. Stock indices and oil are down, the ruble is strengthening, and investors are moving to safer assets, reducing interest in cryptocurrencies.
4. Institutional interest. Despite the decline, companies like MicroStrategy continue to buy BTC, which supports the market, but in the short term, this is not enough for growth.
🧠 What’s next?
In the short term, the market will remain volatile, and further declines are possible. If the Fed does not make unexpectedly harsh decisions, BTC may recover and rise to $104,000. It is important to remain calm in conditions of uncertainty.