Bitcoin Drops After Fed Rate Cut and Inflation Forecast Update: Following a 0.25% interest rate cut by the U.S. Federal Reserve, Bitcoin’s price dropped 4.6% to $101,300, while Ethereum (ETH) fell 5.96% to $3,600. Investors reacted negatively to Fed Chair Jerome Powell’s statement that only two more rate cuts are expected in 2025, contrary to previous expectations of three. Additionally, the Fed raised its 2025 inflation outlook from 2.1% to 2.5%, adding uncertainty to the market .
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