Federal Reserve shakes markets: cryptocurrencies in crisis
Last night, the Federal Reserve's announcements destabilized the markets, especially impacting the world of cryptocurrencies. With more than $250 million liquidated in leveraged positions, many investors suffered significant losses.
What you should know:
1. FED's stance on Bitcoin
Jerome Powell reaffirmed that the FED cannot own Bitcoin and any decision to adopt it falls to Congress. This disappointed those who expected institutional support.
2. Restrictive monetary policy
Although there was a slight easing of rates, the FED maintained its focus on reducing the money supply, affecting speculative markets such as cryptocurrencies.
3. Economic outlook
Powell projected an economic recovery by 2025, avoiding a recession and seeking to stabilize traditional markets.
Market impact
The crypto market registered significant declines, especially in altcoins. The most affected were leveraged traders who did not apply risk controls.
A ray of hope
Although the current situation is bleak, the outlook for 2025, along with possible pro-cryptocurrency policies, could revitalize the sector.
This is certainly a time to manage risks, remain patient and focus on fundamentals, as today's lows could mark the beginning of new opportunities.
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