#加密市场回调 #加密市场回调
At the latest Federal Reserve interest rate meeting, the benchmark policy rate was lowered by 25 basis points to 4.25%-4.5%. Although this outcome met market expectations, the hawkish wording in the statement and adjustments to economic forecasts had a profound impact on market sentiment, leading to a significant pullback in the cryptocurrency market. The prices of major cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Solana all experienced noticeable declines.
Federal Reserve Chairman Powell stated at the press conference that the frequency and magnitude of future rate cuts may be far lower than market assumptions, emphasizing that only two rate cuts are planned for 2025 while raising inflation expectations. This reflects the Fed's concerns about future inflation pressures. Powell mentioned that uncertainties in future economic policies, including potential protectionist measures, could further exacerbate inflation pressures.
Bitcoin's price plummeted from a high of $104,800 to a low of $100,000, with a temporary decline of up to 4.6%. Ethereum also fell from $3,907 to $3,617, a drop of 6.8%. Altcoins like Dogecoin and Solana were not spared either, with declines exceeding 7%. According to Coinglass, over the past 24 hours, the total liquidation amount in the cryptocurrency market reached $702 million, with more than 25,300 people liquidated.
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