AsianFin -- Cryptocurrencies slid on Thursday after Cleveland Federal Reserve President Beth Hammack indicated she would not support cutting interest rates if the decision were made tomorrow.

Bitcoin traded around $112,300, down 1.6% over the past 24 hours, briefly dipping to $112,238—its lowest level since early July, according to CoinGecko. Ethereum also fell, losing 2.6% to $4,230, while Solana and XRP dropped 3.5% to $180 and 3.4% to $2.87, respectively.

In a recent Myriad Linea survey, roughly two-thirds of respondents expected the U.S. central bank to adjust interest rates in the near term.

Hammack emphasized that, amid weaker job growth data, the Fed should remain “laser-focused” on controlling inflation, noting that the recent labor market figures may overstate economic fragility. Her comments underscore the central bank’s ongoing balancing act between maintaining price stability and supporting full employment.