#HBAR

crypto price prediction as Hedera stablecoin market cap surges.

Hedera Hashgraph’s token extended its decline on Tuesday as both crypto and stock investors stayed on the sidelines ahead of the upcoming Federal Reserve announcement.

Hedera Hashgraph HBAR-1.18%Hedera price dropped for four consecutive days, reaching its lowest level since April 22. It has dropped by 15% from its highest point last week. 

HBAR dropped as most cryptocurrencies pulled back, with their market cap dropping from over $3 trillion last week to $2.9 trillion today. Top American indices like the Dow Jones and the S&P 500 dropped by over 0.50%.

This price action reflects caution from market participants ahead of the Federal Reserve’s interest rate decision. Economists widely expect the central bank to hold rates steady at 4.50% as it waits for further inflation data. Any signal of a future rate cut would likely act as a bullish catalyst for HBAR and the broader crypto market.