Bitcoin, Ethereum, XRP, and Dogecoin Decline Before Fed Rate Decision: Analyst Suggests BTC Surpassing This Level Could Lead to $143,000

Cryptocurrency Market Trends: Leading cryptocurrencies, including Bitcoin and Ethereum, experienced declines, with Bitcoin trading around $112,000 after peaking at $116,078, while the overall market capitalization fell by 1.91% to $3.78 trillion.

Stock Market Performance: Stocks reached record highs, with the Dow Jones up 0.34%, the S&P 500 rising 1.23%, and the Nasdaq Composite increasing by 0.80%, driven by significant gains from Nvidia Corp. following its investment in Nokia Corp.

Market Sentiment and Predictions: High expectations for an upcoming meeting between President Trump and President Xi Jinping, along with strong odds for a Federal Reserve interest rate cut, contributed to bullish market sentiment, particularly in the cryptocurrency sector.

Bitcoin's Future Outlook: Analysts suggest that Bitcoin needs to surpass $120,000 to potentially reach $143,000, while on-chain analytics indicate the market is in a minor correction phase, with a surge in altcoins expected as the cycle progresses.