The U.S. Federal Reserve has just announced a third consecutive interest rate cut, this time by 25 basis points. However, unlike previous times, the cryptocurrency market reacted negatively immediately. 📉

Fed Chairman Jerome Powell suggested that they may halt the interest rate reduction policy due to concerning CPI data. Bitcoin plummeted to the lowest level in several days at $100,250, while altcoins like XRP, DOGE, and AVAX also faced strong pressure. The total market capitalization of cryptocurrencies has decreased by $200 billion, down to $3.650 trillion.

The total value of liquidated positions surged to nearly $700 million, affecting over 250,000 traders.