Bitcoin’s value plummeted from above 102,000 USD to nearly 96,000 USD as the market responded to the Federal Reserve’s stance on interest rates. This steep decline marks one of its worst performances since mid-December. Meanwhile, the U.S. Stock futures experienced slight gains following the downturn in Big Tech stocks.

Ethereum, alongside other MAJOR altcoins, faced substantial losses with ETH dropping more than 8% below 3,400 USD, wiping out previous gains. Market sentiment indicates a slim chance of rate cuts from the Fed in their upcoming meeting, influencing the broader market dynamics.