Here’s why Pi Network, Jasmi, LTC, Ethena and Altcoins

Cryptocurlencing prices continued its decline in the market on Tuesday because the market participants were waiting for the decision at another federal reservation in the year.

PI Network (Write), The viral token token for earnings, was one of the worst performers, who was thrown for almost 13%. Jasmicoin (Jasmi) fell by 6% while you are Litekoin (LTC) and Ethena (Ena) Fell by over 5%.

The total market cap of all cryptocurries fell 1.70% to $ 2.7 trillion, deleting more than three trillions in the last few months. Total liquidation in the last 24 hours climbed over $ 227 million.

Cripto Sale coincided with a fall on the stock exchange. The Dow Jones index fell 410 points, while the technological hereditary Napada 100 dropped 350 points. Top stocks of blue chips like Nvidia, Tesla, Microsoft and Apple, each fell by over 1%.

JASMI, PI Network, LTC and Ethena leaves before FOMC decisions

The current drop in crypto and the stock market is because the market adjusts the upcoming federal reserves or FOMC interest rate decision. It has already started its two-day meeting, and the final decision is expected on Wednesday.

Fed is expected to leave interest rates unchanged at 4.50%. However, traders will carefully watch the quarterly pallet plot, which enables traces of the time of the next reduction price.

Stocks and crypto investors hope that the recent sale and growing fear of the recession submit an official that is fed to turn into finger. The Fed Attitude would be the catalyst for Bitcoin (Btc) and AltCOINS like Pi Network, Ethena, Jasmi and Litekoin. In Note Yes Bloomberg, analyst said:

“Current trading tensions and tariff implementations have introduced significant insecurity. Investors are eager to understand how these policies affect Feda’s economic appearance, especially in connection with inflation and growth projects.”

Bitcoin and these Altcoini also reduced her after Ki Young her, a popular analyst and kryptock founder warned that the bull market was over. He said:

“I invited the bull market in the last two years, even when the indicators were bordered. Sorry to change my opinion, but now it looks pretty clear to enter the bear market.”

On the positive side, a more breathable feeding apartment could increase Bitcoin and Altcoine – similar to market response during the start of quite-19 pandemic. At that time, cryptocurrency crashed at first, but they woke up strongly after phenographic interest rates.