$BTC
FOMC Recap: Crypto Reacts to Fed’s Cautious Cut 💥
The Fed cut rates by 25 bps to 3.75%–4.00%, usually bullish for crypto. But Jerome Powell’s cautious, data-driven tone cooled hopes for rapid future cuts.
Markets swung sharply — BTC, ETH, and altcoins dipped as over-leveraged traders got flushed out. Still, rate cuts generally support long-term crypto gains by boosting liquidity.
Next focus: the December FOMC meeting. Bitcoin’s key levels — $115K resistance and $108K support — will guide traders in the meantime.
Bottom line: short-term volatility, long-term opportunity. 🚀
