The US Federal Reserve cut rates by 25 basis points again, but the crypto market responded by falling 📉. Bitcoin crashed to a multi-day low of $100,250, and altcoins such as XRP, DOGE, and AVAX also felt the pain.

Fed Chairman Jerome Powell hinted at a possible pause in rate cuts due to worrying CPI data. This may explain the sharp market reaction. The total crypto market capitalization fell by $200 billion, reaching $3.65 trillion.