Crypto Crash: Why Is Crypto Down Today?
Cryptocurrency prices slid over the weekend and again on Monday morning with all eyes on the Federal Reserve this week.
The market is anticipating that the Fed will deliver yet another hefty interest rate hike when it holds its meeting on Sept. 20-21.
According to the CME Group’s FedWatch tool, the market is currently pricing in an 80% chance of a 75 basis points (bps) rate hike and a 20% chance of a 100 bps rate hike this week.
