Bitcoin and Ethereum extended losses as traders prepared for volatility, influenced by U.S. stock futures indicating lower prices ahead of the Federal Reserve’s policy meeting. Bitcoin dropped nearly 1.8% to around $82,700, while Ethereum fell by 2.5%. The decline follows recent macroeconomic uncertainties and regulatory changes. Trump's recent Executive Order aimed at establishing a Strategic Bitcoin Reserve fueled speculation, but the lack of immediate action led to a reassessment of the initiative's market impact. As the Fed's rate outlook becomes increasingly crucial, traders anticipate potential delays in rate cuts, which could further impact risk assets, including cryptocurrencies. The overall sentiment is cautious amid geopolitical tensions and trade uncertainties, with analysts suggesting the current market downturn may be temporary, given the crypto market's previous highs and ongoing developments.

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