Bitcoin and Ethereum plummet: The power of the Fed's 'hawkish rate cut' exceeds expectations.

After the Fed announced a hawkish rate cut, within just a few days, Ethereum retraced nearly 20% from its peak, and Bitcoin retraced 12%, dropping back from +95000, with over 500,000 liquidations happening together.

Before this Fed meeting, the market expected 4 rate cuts in 2025, but the final dot plot showed only 2 rate cuts, and then the US stock market and cryptocurrencies dropped dramatically...

Following this, Powell stated: In the future, the Fed will not buy Bitcoin or other cryptocurrencies, and the entire crypto circle was hit hard again.

Additionally, just a few days ago, the proposal to include Bitcoin in Microsoft's corporate asset allocation was explicitly rejected at the annual shareholder meeting,

making it a triple blow for Bitcoin.

The future direction of the crypto space can only be understood by seeing how King supports it after taking office......

Ethereum chain, #Marvin the Martian Dog tail number (7055) is surging. Musk's beloved dog is making a splash in the blockchain

𝙋𝙪𝙥𝙥𝙞𝙚𝙨 tail number (6eb2) Small puppies, no project team, community-governed tokens!

Trump and Vitalik Buterin's wallets both hold it!

On the Ethereum chain, with 17,000 holders, the market value is only over ten million in the #meme sector, you won't find a second one! #加密市场盘整 #市场调整後的机会？ $BTC $ETH