Fed's

#Bitcoin at $100.4k now...

#Bitcoin price is experiencing a serious and sudden decline, and the cryptocurrency community is wondering what caused the decline.

The reason for the decline is thought to be the hawkish statements of the #FOMC following the #FED's interest rate decision today, as well as FED Chairman Jerome Powell's ongoing speech about slowing down the pace of interest rate cuts.

Following the interest rate decision, the $BTC price fell by approx. 3% and is trading at $100,400 at the time of writing.

The decline in the last 24 hours exceededs it 4%...
Present price value of $BTC

It's #Write2Earn topic..

Always DYOR and Trade with StopLoss.

Market Update: February 7, 2025

1. Kentucky Proposes Bill to Invest State Funds in Bitcoin.
2. #Fed's Policy Unlikely to Shift with U.S. Job Report, Says Strategist.
3. U.S.🇺🇸 Lawmakers Propose Resolution Supporting.
Blockchain and Digital Assets
4. Labor Market More Vital Than Tariffs for Fed, Says Expert.
5. #blackRock Increases Stake in Strategy to 5%

$BTC $ETH #BAN

Richmond Fed President Tom Barkin expressed concerns over President Trump's proposed 25% tariffs on imported vehicles, suggesting these could lead to higher auto prices and inflation. He noted that companies might face tough choices between raising consumer prices, absorbing costs, or reducing expenses elsewhere, potentially affecting employment. Barkin also highlighted that rapid policy changes introduce uncertainty, potentially dampening business and consumer spending. He emphasized the Fed's commitment to controlling inflation and indicated that interest rate cuts are not imminent until there's greater confidence in achieving price stability.
#Barkin #Trump #Richmond #Fed's #tarrifs