PANews reported on September 16 that cryptocurrency prices plummeted after a second assassination attempt against Donald Trump, following a weekend surge past the $61,000 mark. This decline was amplified by the liquidation of nearly $70 million worth of short positions before the Asian market opened, due to thin liquidity. Notably, Bitcoin saw a 13.8% increase from $58,000 to $66,000 in the same week as the first assassination attempt against Trump on July 13.

The FOMC meeting is scheduled for Wednesday, September 18, with uncertainty persisting about whether a 25-basis point or 50-basis point interest rate cut will be implemented. As the Federal Reserve nears its first rate cut in this cycle, market tension is escalating, amplifying the impact of any unexpected macroeconomic data. The likelihood of a 50-basis point cut has jumped from 30% on Monday to 59%, reflected in the escalating volatility, with Bitcoin's implied volatility rising 8% and Ethereum's rising 20% on Friday.