The crypto market experienced a significant decline as Bitcoin approached the $93,000 level, causing a fall in major tokens. Ether, Solana's SOL, Cardano's ADA, XRP, BNB, and DOGE all saw substantial drops in value. This resulted in an 11% decrease in crypto market capitalization within 24 hours, marking one of the largest single-day drops of the year. Traders attribute this decline to a more hawkish tone in the recent FOMC meeting, which dampened market sentiment. Despite the short-term volatility, some experts believe that monetary and fiscal stimulus policies worldwide will eventually bolster the crypto market, particularly Bitcoin.



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