Cryptocurrencies fell sharply on Tuesday amid investors' pullback from the tech sector and uncertainty over Fed monetary policy.

On Tuesday, cryptocurrency shares fell, with Coinbase and eToro losing more than 5% and 6%, respectively, while the price of bitcoin fell nearly 3%. The tech sector took a hit, with the Nasdaq index falling more than 1%, weighed down by giants such as Nvidia. Investors are expecting a pullback in the cryptocurrency market ahead of the Federal Reserve's symposium, where they are hoping for signs of looser monetary policy. Although the market has recently seen positive developments, the current uncertainties are leading to a reduction in risk.