Bitcoin fell 4.6% to $100,300 after the Federal Reserve’s 0.25% rate cut and a hawkish inflation forecast for 2025. Fed Chair Jerome Powell signaled only two additional rate cuts in 2025, raising inflation expectations from 2.1% to 2.5%.
Ether also declined, dropping 5.96% to $3,600. Despite the rate cut aligning with traders’ expectations, Powell’s cautious outlook triggered a broader crypto market correction.
Source: Cointelegraph
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