Article Summary

**Cryptocurrency Markets Eye FOMC Decision as October Rally Stalls** The highly anticipated "Uptober" cryptocurrency rally has lost momentum following President Trump's announcement of sweeping 100% tariffs on Chinese imports, sending Bitcoin and altcoin prices tumbling. Market volatility has shifted investor focus toward today's Federal Reserve FOMC meeting, where additional interest rate cuts could provide bullish catalysts for digital assets. **XRP, Ethereum (ETH), and Solana (SOL) emerge as top cryptocurrencies** to watch ahead of the Fed's monetary policy decision. These blockchain networks have shown resilience despite recent market turbulence, positioning them favorably for potential upside momentum. The cryptocurrency market's correlation with traditional financial markets remains evident as traders await dovish Fed signals. Lower interest rates typically benefit risk-on assets like Bitcoin and DeFi tokens by reducing opportunity costs for holding non-yielding digital assets. Crypto analysts suggest that successful interest rate cuts could reignite the October bull run, particularly benefiting established altcoins with strong fundamentals. The FOMC outcome will likely determine whether cryptocurrency prices can recover from recent tariff-induced selloffs and resume their upward trajectory in Q4 2024.