Bitcoin, Ethereum remain weak after The Fed's actions
The crypto market has been under pressure since the Federal Reserve (The Fed) announced a hawkish interest rate cut on Wednesday. Despite lowering the interest rate by 25 basis points, the agency maintained a cautious tone, with The Fed officials projecting only one interest rate cut in 2026.
Bitcoin has dropped 4% since the decision, testing the $90,000 level at the time of publication on Friday.
Ethereum fell 4% in the last 24 hours, extending losses since Wednesday to 8% after breaking below the $3,100 level. Solana also experienced losses, down 7% since The Fed's decision.
