Solana, XRP, and Dogecoin prices have decreased as the crypto market anticipates the Federal Reserve's upcoming policy decision that may influence interest rate cuts. The market is particularly sensitive to statements from Fed Chair Jerome Powell, who is expected to maintain the current benchmark interest rate. Investors are awaiting the Summary of Economic Projections (SEP), which includes crucial insights on unemployment and economic growth, as well as interest rate forecasts. Altcoins like Solana and XRP could react positively if more rate cuts are suggested, potentially boosting crypto values amidst a broader downturn. In contrast, significant losses were noted as the crypto market has dropped approximately $1 trillion in value since the last Fed meeting, where the guidance indicated fewer anticipated cuts. On Tuesday, XRP, Solana, and Dogecoin fell over 4%, with Bitcoin and Ethereum also recording declines ahead of the announcement. With a projected uncertain economic outlook, the implications of the Fed's decisions could further affect risk assets, particularly in the cryptocurrency landscape.

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