Bitcoin, Ether, XRP Fall Ahead of Fed Minutes. Why Rate Cuts Matter for Crypto.
1. Cryptos, including Bitcoin, are declining ahead of Fed meeting minutes. 2. Nasdaq Composite dropped 1.5%, influencing crypto market losses. 3. Fed's interest rate decision remains uncertain, impacting risk-on assets. 4. Traders expect lower rate cuts, boosting appeal of cryptos compared to bonds. 5. Treasury Secretary predicts crypto stablecoins to drive demand for U.S. Treasuries.