Bitcoin and Ethereum experienced price declines of 3% and 6% respectively in the last 24 hours, as the crypto market cap dropped by 4.5% to $2.12 trillion. Market volatility increased, with Bitcoin hitting a low before recovering slightly. Altcoins followed suit, with Ethereum, Solana, Doge, and Ripple all experiencing drops. The approaching interest rate decisions by central banks, including the Federal Reserve, are adding to market uncertainty. Economists speculate that a rate cut could have various effects on the crypto market, with some believing a 50-basis-point reduction could boost it. However, others warn that an aggressive cut could signal a troubled economy and trigger selloffs. The Federal Reserve is expected to announce its decision on September 18, and the Bank of England and Bank of Japan also have upcoming interest rate decisions.



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