🚀 **Crypto Market Update: Ethereum and Bitcoin Under Pressure**
- Ethereum (ETH) has plunged 6% in the past 24 hours, from $2,425 to $2,260 on September 16. This is its lowest level since January, sending the crypto community into a frenzy.
- The overall crypto market is also down 4.5%, with Bitcoin (BTC) struggling to stay above $58,000. Many traders are worried about the situation.
- The assassination attempt on former President Donald Trump at his Florida golf club has added to the uncertainty. Although Trump survived, media speculation has affected crypto price movements.
- The upcoming Federal Reserve (FED) interest rate decision on September 18 is also adding pressure. Many are expecting a 25 or 50 basis point rate cut, which could further shake the market.
- Bitcoin and Ethereum are both struggling. The ETH/BTC ratio is at its lowest level since April 2021, signaling tough times for ETH holders.
- Crypto whales have started selling ETH in large amounts, worsening market sentiment. Even meme coins like Dogecoin and Shiba Inu have dropped 4%-5%.
Stay alert and stay tuned for market developments! 📉