Fed Policy Shakes Crypto Markets: A Temporary Hiccup in the Bullish Trend? 👀
Let’s take a look:
1. The Federal Reserve cut interest rates by 25 basis points and adjusted 2024 rate cut projections from 4 to 2.
2. Risk assets reacted sharply, with Bitcoin falling from ~$106k to below $99k before partial recovery.
3. $600M in leveraged long positions were liquidated, amplifying the sell-off.
4. Despite this, bullish crypto trends remain intact due to:
• Pro-crypto U.S. policies
• Growing institutional and ETF adoption
• Strategic Bitcoin accumulation by governments and corporations
• Advancements in programmable blockchain technology.
5. Technical indicators, like Bitcoin’s EMA trend, still support upward momentum.
So, today’s market move appears to be a short-term event rather than a trend reversal, reaffirming the multi-year crypto bull market.
We are still bullish!
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