Crypto Markets Move as Fed Announces 25-BPS Rate Cut
Explore our platform for exclusive crypto trading strategies and receive expert assistance with your cryptocurrency trades. Visit https://telegram.me/freebitmexsignals. Bitcoin’s price has declined by more than $2,000 in the last 24 hours. It dropped by some $500 in the past few minutes, and then recovered, right as the US Federal Reserve announced another rate cut – the third one for this year. It reduced the rates by 25 basis points (0.25%), while Powell also confirmed that they forecast one more cut in 2026. Apparently, the market was expecting a higher decrease of 50 basis points, which didn’t come, resulting in the current choppy price action. That said, the event was largely priced in, as Polymarket odds favoring a rate cut approached 99% hours before the press conference. The decision comes at a time when the cryptocurrency market is experiencing heightened overall volatility. The move was widely followed within the altcoin market. Notably, ETH increased by 9% over the foll...