Bitcoin and Ethereum prices have dropped amid global financial market declines.
Futures and Crypto Decline
Major cryptocurrencies have seen a decrease. Bitcoin is trading at $83,698, down 0.7%, while Ethereum is at $1,907, down 1%. This decline aligns with the fall in futures for major US indices: Dow Jones futures down 0.37%, S&P 500 down 0.46%, Nasdaq down 0.55%.
Investors' Focus
Investors are eyeing the upcoming Federal Reserve policy meeting. Although interest rates are expected to remain steady, strong inflation data and labor market conditions could influence the Fed's decisions, impacting risk assets like cryptocurrencies.
Geopolitical Tensions and Crypto Assets
Geopolitical events, such as new US tariffs and EU responses, add uncertainty to the markets. This increases volatility not only in traditional markets but also in the cryptocurrency sector.
Current financial and geopolitical shifts are pressuring the crypto market. Investors are watching for Fed decisions and ongoing US-EU tensions.
