$BTC falls as Fed turns hawkish
BTC and other major assets like ETH, XRP, and DOGE fell quickly after Federal Reserve Chair Jerome Powell cut interest rates again by 25 basis points on Wednesday. While 2024 saw four rate cuts, 2025 will see fewer rate cuts to manage inflation. The hawkish stance spooked investors away from "risk-on" assets like crypto and U.S. equities.
