[LIVE] Crypto News Today, October 15 – Powell’s QT Comment Fails To Lift Bitcoin Price As ZORA, COAI And USELESS Show Strength: Best Altcoins To Buy

Group 1: Federal Reserve's Actions - The Federal Reserve may soon conclude its balance sheet reduction program, which has decreased the balance sheet from $9 trillion to $6.6 trillion since 2022, reducing holdings by $2.4 trillion [2][3] - Chairman Jerome Powell indicated that the Fed could reach a point to stop the balance sheet runoff in the coming months, contingent on monitoring liquidity conditions and short-term funding rates [3][2] Group 2: Cryptocurrency Market Dynamics - Bitcoin is trading lower at around $112,600, marking a weekly decline of over 7%, prompting traders to seek alternative cryptocurrencies (altcoins) [1] - The global crypto market cap is currently at $3.79 trillion, with the Fear and Greed Index in the "fear" zone at 37, and an average crypto RSI of 48.1 indicating the market is nearing oversold territory [5] Group 3: Altcoin Performance - Several altcoins are showing relative strength despite Bitcoin's weakness, with Solana rising 6.4% to around $207 and Dogecoin gaining over 4% [4] - Notable altcoins like ZORA and USELESS have gained about 20% in the past day, with USELESS reaching a new all-time high of $0.41 [6] - COAI, an AI-linked token, exhibited extreme volatility, recently jumping from $7.46 to $44 before correcting to around $15.96, indicating potential for altcoin outperformance [7] Group 4: Future Outlook - If the Fed confirms the end of quantitative tightening later this year, it could improve liquidity conditions, favoring altcoins such as SOL, XRP, and meme tokens like ZORA, COAI, and USELESS as potential investment opportunities for Q4 2025 [8]