Hawkish Fed triggers $400B sell-off as meme coins mirror ETH, SOL price dip

  • The cryptocurrency sector valuation fell below the $3.5 trillion mark on Thursday, with a 10.7% decline reflecting $390 billion worth of outflows.  
  • The crypto market dip has been linked to the US Federal Reserve hinting at a hawkish stance for 2025.
  • Etherum and Solana suffered double-digit losses as investors’ skittish reaction triggered a market-wide meme coin sell-off.

Altcoin market updates: Ethereum and Solana among top losers after Fed triggers meme coin sell-off 

The Federal Reserve’s (Fed) 25-basis-point rate cut on Wednesday aligned with market expectations.

However, it was overshadowed by hawkish comments from Chair Jerome Powell signaling fewer rate cuts in 2025. This triggered an immediate…

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