The crypto market remains steady but cautious ahead of the September 16–17 Federal Reserve meeting. Investors are closely watching for signals on monetary policy, with many asking the same question: what is the best crypto to buy in this environment?
Bitcoin BTC ▼-0.37% is trading around $115,700 after briefly dipping under $115,000. On the daily chart, BTC has reclaimed the $112K support and now faces resistance near $120,000. A breakout above this level could open the path back toward $124,000, while failure to hold $112,000 risks a retest of $108,000.
![[LIVE] Crypto News Today, September 15 – Why Is Crypto Going Down? Bitcoin Loses $116K As Altcoins Lag Ahead of FOMC: Best Crypto To Buy?](https://cimg.co/wp-content/uploads/2024/02/26205235/btc.svg "[LIVE] Crypto News Today, September 15 – Why Is Crypto Going Down? Bitcoin Loses $116K As Altcoins Lag Ahead of FOMC: Best Crypto To Buy?")
Ethereum 
ETH ▼-2.44% is hovering above $4,600 after a small dip, while altcoins remain under pressure.
Sector-wide losses have been led by GameFi (-3.03%), DeFi (-2.21%), and meme coins (-2.85%).
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Best Crypto To Buy Right Now: Bitcoin Holds $116K, Altcoins Wait for ETF Catalysts
Beyond price action, several upcoming macro and regulatory events could shape crypto’s next big move. From the Federal Reserve’s September meeting to critical ETF deadlines and stablecoin policy shifts, these decisions will determine whether capital flows back into Bitcoin and altcoins, or stays on the sidelines:
FOMC Meeting (Sep 16–17): Markets price in an 88% chance of a 25 bps rate cut. This cut could boost Bitcoin and risk assets.
October ETF Deadlines: SEC decisions on 
XRP ▼-3.45%,
SOL ▼-4.73%, 
LTC ▼-2.57%, and 
ADA ▼-6.01% ETFs may validate altcoins as commodities, potentially sparking inflows similar to Bitcoin’s ETF boom.
Stablecoin & Regulatory Shifts: Circle’s trust bank application and Spain’s early MiCA rollout could reshape liquidity and compliance across crypto markets.
The FOMC meeting remains the near-term spark that could set the tone for the next leg of the market.
Arthur Hayes: Bitcoin Could Break $200K, Dismissing Four-Year Cycle
Arthur Hayes, co-founder of BitMEX, says Bitcoin’s trajectory will be shaped more by global liquidity than the traditional four-year cycle. In an interview with Kyle Chasse, Hayes argued that central banks and governments worldwide will keep printing money and buying bonds, fueling risk assets like Bitcoin over equities such as the S&P 500.
He believes the market underestimates this liquidity effect, which could drive BTC to $150K, $175K, or even $200K by the end of the 2020s.
While risks exist later in the cycle, Hayes insists the real upside has not yet arrived.
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The post [LIVE] Crypto News Today, September 15 – Why Is Crypto Going Down? Bitcoin Loses $116K As Altcoins Lag Ahead of FOMC: Best Crypto To Buy? appeared first on 99Bitcoins.
