❓Provide a quick summary for those who just woke up.
1. Interest rate cut (as expected), but the number of cuts next year reduced from 3 to 2.
2. To further lower the benchmark interest rate, additional progress related to the employment environment and prices needs to be confirmed.
3. In an interview, a stranger asked Powell about Bitcoin, drawing criticism from crypto enthusiasts.
4. Nasdaq crashes, Bitcoin crashes, rest in peace altcoins.
5. Nasdaq lost over $1.5 trillion today.
6. $700 million in cryptocurrency was liquidated within 24 hours.