Why Crypto Market is Crashing ?

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Despite major positive developments earlier this month, the crypto market crashed heavily At the start of the week.

The crypto slump in the market is the result of macroeconomic conditions. The main event for the week comes in the form of the Federal Reserve’s decision on key interest rates.

The majority expect the Fed to hike rates by 75 basis points in the next meeting on Sept. 20 to Sept. 21.

If the Fed’s rate hike is in line with market expectations this could trigger a crypto market rally else the crypto market can tumble more.