The crypto market is experiencing a bearish trend due to several factors, including uncertainty surrounding the U.S. presidential election, an assassination attempt on Donald Trump, and an upcoming Federal Open Market Committee (FOMC) meeting. Bitcoin, Ethereum, and XRP have all experienced significant drops in their prices. Traders are cautious and anxious about these developments. The market cap has decreased, with major altcoins like Solana, XRP, and Dogecoin contributing to the decline. Traders are anticipating a rate cut during the FOMC meeting, which could potentially spark a market rally. Ethereum has faced additional selling pressure from a major whale liquidating their holdings. If Ethereum breaks below key support levels, there is a risk of further price drops. The declines of Bitcoin and Ethereum have had ripple effects on altcoins such as XRP, Solana, Dogecoin, and Cardano. The global crypto market cap has decreased, and the fear & greed index indicates fear among investors. The market is waiting for further direction from the FOMC meeting and Jerome Powell's speech. Analysts are predicting a potential rebound by the end of the month.



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