🚨 WHY DID BITCOIN & CRYPTO DUMP? 🚨
Here’s the reason why the market took a hit👇
The FED got HAWKISH! 🦅
Over the past few months, CPI has started to rise, and now the FED is worried this could become a problem. 📉
It was originally expected that we’d see 3 rate cuts in 2025, but after today’s FOMC meeting, that number dropped to just 2. 😬
To make matters worse, the FED doesn’t think they’ll hit their 2% inflation target anytime soon, so they’re sticking to a restrictive monetary policy. 🛑
In other words, they’re slowing down rate cuts and NOT turning on the money printer. 💸
We all know that Bitcoin & crypto perform best when there’s easier money in the system. 🪙
So, will the market keep falling?
In the short term, maybe yes. But in the LONG TERM? We’re only going UP! 🚀