The post Expert Predicts 15-20% Correction for XRP, SOL, DOGE Amid FED Rate Cut appeared on BitcoinEthereumNews.com. Following a successful upside last week, the crypto market is seeing some selling pressure ahead of the Fed rate cut this week. XRP, SOL, and DOGE lead the altcoin correction today as experts predict the possibility of another 15-20% drop ahead. The overall liquidations across the broader market have surged to $240 million, of which $176 million is in long liquidations. Crypto Market Drops Heading Into Fed Rate Cut This Week As the much-awaited Fed rate cuts are here this week, the crypto market is facing sell-the-news momentum. As the Bitcoin price upside faces resistance at $116,000, analysts predict the signs of topping out in the near term. Crypto analyst Ted Pillows has cautioned that September’s triple witching expiration could bring short-term weakness to U.S. equities. He further added that this could potentially have a spillover effect on the crypto market, including top altcoins like XRP, DOGE, SOL, etc. Pillows noted that since 2000, the S&P 500 has averaged a -1.17% return in the week following triple witching, a quarterly event when stock options, index options, and futures contracts expire simultaneously. If history repeats, the analyst warned that Bitcoin could fall 5%–8%, while altcoins may face sharper declines of 15%–20%. Source: Ted Pillows Following last week’s rally, the altcoin season index has been showing strength, moving all the way to 84. Moreover, the Fed rate cut coming this week could further increase investors’ risk appetite, which could lead to a full-blown altcoin season. Moving into Q4, top financial institutions like Goldman Sachs are expecting three Fed rate cuts before the year-end. This could be particularly beneficial for altcoins. Full-Blown Altcoin Season Isn’t Coming Soon Amid the drop in the bitcoin dominance in recent weeks, the optimism surrounding a full-blown altcoin season remains high. However, in the near term, analysts predict… The post Expert Predicts 15-20% Correction for XRP, SOL, DOGE Amid FED Rate Cut appeared on BitcoinEthereumNews.com. Following a successful upside last week, the crypto market is seeing some selling pressure ahead of the Fed rate cut this week. XRP, SOL, and DOGE lead the altcoin correction today as experts predict the possibility of another 15-20% drop ahead. The overall liquidations across the broader market have surged to $240 million, of which $176 million is in long liquidations. Crypto Market Drops Heading Into Fed Rate Cut This Week As the much-awaited Fed rate cuts are here this week, the crypto market is facing sell-the-news momentum. As the Bitcoin price upside faces resistance at $116,000, analysts predict the signs of topping out in the near term. Crypto analyst Ted Pillows has cautioned that September’s triple witching expiration could bring short-term weakness to U.S. equities. He further added that this could potentially have a spillover effect on the crypto market, including top altcoins like XRP, DOGE, SOL, etc. Pillows noted that since 2000, the S&P 500 has averaged a -1.17% return in the week following triple witching, a quarterly event when stock options, index options, and futures contracts expire simultaneously. If history repeats, the analyst warned that Bitcoin could fall 5%–8%, while altcoins may face sharper declines of 15%–20%. Source: Ted Pillows Following last week’s rally, the altcoin season index has been showing strength, moving all the way to 84. Moreover, the Fed rate cut coming this week could further increase investors’ risk appetite, which could lead to a full-blown altcoin season. Moving into Q4, top financial institutions like Goldman Sachs are expecting three Fed rate cuts before the year-end. This could be particularly beneficial for altcoins. Full-Blown Altcoin Season Isn’t Coming Soon Amid the drop in the bitcoin dominance in recent weeks, the optimism surrounding a full-blown altcoin season remains high. However, in the near term, analysts predict…