Bitcoin and Ethereum Drop on Rate Hike Expectations

On Monday, bitcoin and ethereum prices fell as growing expectations of a Fed rate hike pushed investors to trim positions in risk assets. Cryptocurrencies are traditionally sensitive to shifts in monetary policy, since higher rates make risk-free instruments more attractive and dampen demand for speculative assets. Analysts note the sell-off extended beyond the flagship coins into most altcoins, suggesting a broad-based correction rather than an isolated move. Crypto holders should watch the Fed's September decision closely, as it will likely dictate the market's near-term direction. For Kazakhstani traders using international platforms, this signals a need for caution in the coming weeks.