🚨 Crypto correction alert!
🌪️ Bitcoin, XRP & Dogecoin tumble after Fed rate cut. CryptoCrash FedWatch
Bitcoin, XRP, and Dogecoin experienced significant price drops following the Federal Reserve's decision to cut interest rates by 0.5 percentage points. This move, intended to combat economic fallout from the COVID-19 pandemic, led to a sell-off in cryptocurrencies. While the precise reasons for this reaction are not explicitly stated, it is likely due to investors shifting funds towards more stable assets during times of economic uncertainty.