Today's Cryptocurrency Crash: The Federal Reserve Hints at Slower Rate Cuts, Cryptocurrency Market Plummets!

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In a turbulent market, Bitcoin's price fell to a 24-hour low of $98,792.67. As of this writing, Bitcoin is currently trading at $101,158.92. The pullback has indeed prompted price action traders to take action, leading to a 32.99% surge in 24-hour trading volume to $98.26 billion. That said, despite the decline, BTC's dominance remains strong at 57.01%.

The second-largest cryptocurrency by market capitalization, Ethereum, has plunged 4.40%, priced at $3,671.66. Solana and XRP have also taken hits, dropping 3.73% and 5.93%, respectively. The broader altcoin market reflects Bitcoin's bearish trend, showcasing the uncertainty triggered by Powell's remarks.

For a detailed analysis of Ethereum, please check our Ethereum price prediction page.

Top Gainers:

Change: $0.7242 (+12.47%) ENA: $1.17 (+9.54%) BGB: $4.37 (+5.18%)

Biggest Losers:

Rate Hike: $2.27 (-14.07%) FLOKI: $0.0001881 (-13.62%) XETA: $2.28 (-12.23%)

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