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Bitcoin dropped below $95,000 amid market uncertainty as the Federal Reserve prepares to hold interest rates steady. Meanwhile, President Trump’s renewed tariff threats added volatility to risk assets.
- Bitcoin dropped 1.8% to $94,000, while altcoins like XRP (-2.7%) and Solana (-0.8%) saw steeper declines.
- The Fed is expected to hold rates at 4.25%-4.5%, with December projections hinting at two 2024 rate cuts.
- Trump's proposed 100% tariff on foreign movies contrasts with recent crypto rallies tied to softer trade rhetoric.
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