The FED rate cut was seen as a positive(25BPS as we expected) , But Powell's comment that the "FED is not allowed to own Bitcoin" shook the entire market. This statement, combined with his remark about the impossibility of a U.S. BTC Reserve, caused widespread among investors. The market reacted strongly to these comments, leading to a significant drop in Bitcoin's price.

The crash can be attributed to the mistaken belief that the U.S. BTC Reserve, which had once seemed like a possibility, is no longer feasible. This news panic selling and further volatility in the market,
@jixntcc_