The US Federal Reserve cut interest rates by an expected 25 basis points, but Jerome Powell’s statements negatively affected the crypto market. Powell stated that there may be fewer interest rate cuts in 2025 and that the US is not allowed to own Bitcoin. 📉

Bitcoin fell from $105,000 to below $99,000, while altcoins suffered even steeper losses. Santiment noted that this decline may be an overreaction and that some altcoins offer a buying opportunity. 🚀