📉 **Crypto Market Tumbles Amid Geopolitical Tensions and Fed Uncertainty**

Cryptocurrencies took a hit on Wednesday as geopolitical risks and Federal Reserve decisions weighed on investors. Bitcoin (BTC) dropped to $64,500, down over 2% in 24 hours. Major altcoins like Ether (ETH), Solana (SOL), Avalanche (AVAX), and Cardano (ADA) also declined, while Ripple's XRP managed to hold some gains. The CoinDesk 20 Index fell 0.8%.

- **Geopolitical Risks**: Iran's leaders reportedly ordered retaliation against Israel, escalating regional tensions.

- **Fed Update**: The Fed left interest rates unchanged, with no clear signal on a September rate cut.

Traditional assets like gold and equities surged, contrasting with crypto's decline. Zach Pandl from Grayscale noted differing trader positions as a possible reason.

What are your thoughts on this market shift? Share in the comments! 💬