After the recent PPI figures in the US, expectations for a FED interest rate cut are decreasing. There were serious expectations for a rate cut in September. This situation had increased the prices of $BTC and altcoins. As the expectations for a rate cut decreased, we saw declines in cryptocurrencies as well. However, we cannot speak of a significant drop.
Powell is resisting to not cut rates. After the recent PPI figures, this resistance may increase even further.
Severe drops in good projects may present buying opportunities...
