Bitcoin, Ethereum, Dogecoin, XRP Dive As Crypto Enters 'Fear' Zone: Analyst Says BTC 'Always Follows' Gold As Precious Metal Charts New Highs

Leading cryptocurrencies fell alongside stock futures on Sunday, as investors digested the Federal Reserve’s 25-basis-point rate cut.Crypto Market In ‘Fear’Bitcoin dived below $115,000 overnight, breaking below its seven-day simple moving average. The trading volume rose 12.53% to $25.47 billion in the last 24 hours.Ethereum also plunged to a low of $4,328 in overnight trading, while trading volume spiked 27%.Both market heavyweights have delivered a strong third quarter so far, posting returns of 7.67% and 74.4%, respectively, surpassing their average gains for the period.Over $520 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $449 million.Bitcoin’s open interest dropped 0.95% in the last 24 hours to $82.80 billion. The majority of Binance futures traders with open BTC positions were still long on the leading cryptocurrency.The market slipped into the "Fear" zone from "Neutral," according to the Crypto Fear & Greed Index.Top Gainers (24 Hours) The global cryptocurrency market capitalization stood at $4.01 trillion, following a drop of 0.68% in the last 24 hours.Stocks Futures DipStock futures ticked lower overnight Sunday. The Dow Jones Industrial Average Futures fell 81 points, or 0.17%, as of 8:38 p.m. EDT. Futures tied to the S&P 500 dipped 0.09%, while Nasdaq 100 Futures slid 0.03%.Precious metals moved the other way, with Spot gold rising 0.58% to an all-time high of $3,727 per ounce, and spot silver gaining 0.08% to $43.1163 per ounce.The market is coming off a strong week, with the Nasdaq Composite and Dow surging 1.49% and 0.73%, respectively, buoyed by the Federal Reserve’s quarter-point interest rate cut.This week, the personal consumption expenditures price index, considered the Fed's preferred inflation gauge, will be in the spotlight.Bitcoin To Hit $150,000 In Q4?Widely-followed cryptocurrency analyst and trader Michaël van de Poppe said he "wouldn’t be surprised" with a 1-2 week correction before rallying again."Be flexible, have liquidity on the sidelines to be buying the dip on BTC & ETH," Van De Poppe said.Ted Pillows, angel investor and cryptocurrency market observer, echoed these forecasts, anticipating a 10%-15% correction that will "flush out greedy longs" in Bitcoin."Once that happens, $150,000 BTC will happen by Q4 end," the analyst added. Mexican Billionaire, Who Set Up One of the Nation’s Top Banks, Called Dollar-Like Fiat Money The ‘Biggest Fraud’ And Sees Bitcoin As The Only Escape Photo Courtesy: Jade ThaiCatwalk on Shutterstock.com