The Artificial Superintelligence Alliance USD (FET) is experiencing a downturn today, largely influenced by the broader cryptocurrency market's reaction to shifting expectations around Federal Reserve rate cuts. As major cryptocurrencies like Bitcoin and Ethereum saw significant declines of 5-8% within a single day, altcoins such as FET have been unable to escape the ripple effects. The market's volatility is further compounded by ongoing skepticism surrounding the broader crypto landscape, despite Bitcoin's growing legitimacy. This environment of uncertainty has led to a cautious approach among investors, impacting FET's performance.
The current price of FET stands at $1.300040, marking a 2.12% decrease today. The cryptocurrency reached a high of $1.349247 earlier but has since fallen to its lowest point of the day.