Crypto Market Crashes! Altcoin Season Index Plunges Below 70
TradingKey – Ahead of the Federal Reserve’s rate decision, risk-off sentiment rises and crypto prices broadly decline.
On Monday, September 15, the weekend rally in the crypto market lost momentum, triggering a broad pullback across digital assets. Over the past 24 hours, Bitcoin (BTC) dropped 0.67%, retreating to around $115,000. Altcoins saw even steeper declines, with most falling between 2% and 4%.
Top 10 Crypto Market Movers – Source: CoinMarketCap
On Sunday, the market had posted strong gains, especially in the MEME coin sector. DOGE, PEPE, and BONK each surged over 10%, topping gainers lists across major exchanges. This helped revive altcoin sentiment and pushed the Altcoin Season Index to 72 — a three-month high. As of today, the index has pulled back to 69.
The Federal Reserve is scheduled to hold its rate-setting meeting this Wednesday, September 17 (ET), prompting investors to adopt a cautious stance. With uncertainty surrounding the rate decision, crypto markets are expected to remain choppy until further clarity emerges.
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