The cryptocurrency market is on edge as it awaits the Federal Open Market Committee (FOMC) meeting this Wednesday, following a robust rally last week. Bitcoin surged 4.78% to reach $115,000, while altcoins like Ethereum and Solana posted even larger gains. This upward momentum was fueled by expectations of US interest rate cuts, spurred by August's non-farm payrolls data. Despite the rally, the Federal Reserve's reluctance to cut rates due to persistent inflation, currently at 3%, remains a concern. The August US Producer Price Index indicated a 0.1% decline, hinting at easing inflationary pressures. Market participants are closely watching Fed Chair Powell's comments, which could significantly influence future market trends. Additionally, US retail sales data, set to be released on Tuesday, may further impact risk assets.