Bitcoin (BTC), Ether (ETH) Drop Ahead of Expected Fed Rate Cuts

Over the last 24 hours, Ethereum (ETH) experienced a significant 5.5% decline, making it the largest one-day drop for the cryptocurrency since early August. This negative movement was the most notable among major cryptocurrencies, as seen in data from CoinGecko.

Cardano’s ADA also took a hit, falling by 5%, while Solana’s SOL saw a 4% decrease in its value. On the other hand, BNB Chain’s BNB emerged as the top performer among the majors, with a more modest loss of 1.1%.

These fluctuations in the cryptocurrency market highlight the volatility and unpredictability of digital assets. Investors and traders are advised to stay informed and exercise caution when dealing with such assets.