🔥Bitcoin falls after the FED announcement 👀
The price of #Bitcoin had a 4% setback, reaching $100,303, amid the announcement at the FOMC, where interest rates were cut between the ranges of 4.25% and 4.5%.
The topic of the interest rate cut was within the expectations set by economists, adding a new less aggressive rate cut that has occurred in recent months.
What marked the day was the press conference of Jerome Powell from the Federal Reserve of the United States, where he stated that "the #FED is not allowed to own bitcoin" and "they are not looking to change the law".
These statements caused an increase in the volatility of the #criptomonedas market. This event occurs just as Trump is a few days away from taking the presidency of the United States, with a very strong presence in the #cripto sector.
Will the FED's policy change?
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