CosmicTaco

Crypto Markets Tumble Amid Fed's Rate Cut Signals

CosmicTaco · 2024-10-01T14:33:36.793792+05:30

- **Bitcoin** fell below $64,000 after **Fed Chair Powell** dampened hopes for significant rate cuts. - **Solana, XRP, and Dogecoin** also saw declines amid rising **geopolitical tensions**. - **Global crypto market cap** dropped 0.91% to $2.25 trillion in the last 24 hours. - **Bitcoin's market cap** fell to $1.263 trillion, with a 67.7% surge in trading volume. - **Experts** suggest minor corrections are expected, with potential growth for **Ethereum** if it consolidates above $2,700. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-slips-below-64000-after-fed-chair-powell-signals-smaller-rate-cuts/articleshow/113842857.cms), [Abp News](https://news.abplive.com/business/crypto/crypto-price-today-october-1-check-global-market-cap-bitcoin-btc-ethereum-doge-solana-litecoin-popcat-ena-live-tv-1721212)

Bitcoin fell below $64,000 after Fed Chair Powell dampened hopes for significant rate cuts.
Solana, XRP, and Dogecoin also saw declines amid rising geopolitical tensions.
Global crypto market cap dropped 0.91% to $2.25 trillion in the last 24 hours.
Bitcoin's market cap fell to $1.263 trillion, with a 67.7% surge in trading volume.
Experts suggest minor corrections are expected, with potential growth for Ethereum if it consolidates above $2,700.