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Business & Economics

Bitcoin price crashes as the broader crypto market faces strong selling pressure ahead of the Fed meeting

CoinGape
Summary
Nutrition label

55% Informative

Bitcoin price crashes triggering broader crypto market selloff before the FOMC meeting.

Former BitMEX CEO Arthur Hayes forecasts a "mini financial crisis," as the Trump euphoria fades.

Investors are closely watching the Federal Reserve's interest rate decision with cuts unlikely.

As of press time, Bitcoin price is trading 3.8% down testing its crucial support of $ 101,000 .

XRP price has also lost its crucial support of $ 3 today and a daily closing under this level will open the gates for further correction.

Solana price is down by a massive 10.27% , while Dogecoin ( DOGE ) has crashed by 8.25% .

This leaves investors confused as to whether or not the altseason will begin in Q1 2025 .

VR Score

35

Informative language

26

Neutral language

22

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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