$BTC

🚨#Bitcoin Tumbles Back to $110K on Fed's Powell's Hawkish Comments

A solid down day in crypto is morphing into a plunge after Federal Reserve Chairman's unexpectedly hawkish remarks at his post-policy meeting press conference.

"A rate cut in December is far from a foregone conclusion," said Powell in his opening remarks. That was a shock to markets, which had priced in a 90% chance of another rate cut at the Fed's final meeting of the year.#PowellRemarks