As the awaited Federal Reserve decision on interest rates approaches, financial advisor Kurt S. Altrichter predicts various market reactions based on different scenarios.

Altrichter highlights the expectation of minimal cut in rates during the upcoming Federal Open Market Committee (FOMC) meeting, which could have significant implications on financial markets. This sustained scenario is likely to prevent a stock sell-off and maintain market confidence, leading to a moderate rise in equities and a slight dip in Treasury yields.

On the other hand, a hawkish approach by the Fed could negatively affect markets by causing a significant S&P 500 index retraction, a surge in the dollar, and higher Treasury yields. Conversely, a dovish stance may trigger a robust rally, with the S&P 500 expected to rally more than 1%, driven by optimism in tech and growth sectors.

In the cryptocurrency sphere, both Bitcoin and Ethereum are currently experiencing corrections, with Bitcoin notably dropping below $61,000. Cryptocurrency analyst Michael van de Poppe predicts further downward movements in Bitcoin before stabilizing and bouncing back up, potentially reaching $55,000-$58,000.

The outcome of the Fed's decision holds significant importance not only for traditional markets but also for the cryptocurrency landscape. Investors and traders are advised to closely monitor these developments to effectively navigate the uncertainties in both sectors.