Crypto Market Drop Ahead of Fed Announcements

Bitcoin is trading at $113,002.6, down 2.94% in the last 24 hours, while Ethereum sits at $4,091.88, down 5.55%.

The entire crypto market is showing mixed and mostly negative signals, with high volatility ahead of the Federal Reserve's July FOMC minutes release and Chair Jerome Powell’s Jackson Hole speech, events that may set expectations for September interest rate decisions.

Other top tokens are also showing losses: XRP is down 6.2%, and Cardano’s ADA dropped 8%