According to BlockBeats, the Federal Reserve's Federal Open Market Committee (FOMC) is set to announce its interest rate decision and economic outlook summary this Thursday at 2 a.m. UTC+8. Traders and institutions widely expect the Federal Reserve to cut interest rates by 25 basis points.
Despite these expectations, major cryptocurrencies have shown signs of decline this morning. Bitcoin briefly fell below $115,000 and is currently priced at $115,110. Ethereum also experienced a short-term drop below $4,600, now quoted at $4,604. Similarly, SOL dipped below $240, with its current price at $241.29.
