Crypto Market Decline Continues as Federal Reserve Holds Rates Steady

The cryptocurrency market experienced further declines, with the total market capitalization decreasing by 1.5% to $2.48 trillion. According to NS3.AI, this downturn followed the Federal Reserve's decision to maintain interest rates and raise its 2026 PCE inflation forecast. Bitcoin's price hovered around $70,000, marking a 1.3% drop over the past 24 hours. Meanwhile, Ethereum (ETH) and Solana (SOL) both saw a 2% decrease. In the same period, approximately 118,000 leveraged traders faced liquidations amounting to $405 million. Additionally, Bitcoin ETFs witnessed $163.5 million in outflows on Tuesday, breaking a seven-day streak of inflows.