These altcoins present the best buying opportunities after Wednesday's bloodbath: Santiment

Click on the avatar live to watch the live broadcast and chat!

Although the Federal Reserve cut its benchmark interest rate by 25 basis points as expected, several comments from Jerome Powell had an extremely negative impact on the entire crypto market.

The central bank chairman warned that there may be fewer rate cuts in 2025 after three consecutive rate cuts at the end of 2024, and warned that the United States "cannot be allowed to own Bitcoin" despite Donald Trump's promise to explore how to include BTC on the US balance sheet.

Riskier assets such as cryptocurrencies immediately fell sharply in price. For example, Bitcoin fell from more than $105,000 to below $99,000 for the first time since December 11. Compared with the high of more than $108,000 on Tuesday afternoon, the loss widened to nearly $10,000.

However, altcoins were affected more severely. Many altcoins have fallen by double digits from their respective peaks to troughs, including XRP, DOGE, AVAX, PEPE, LTC, and LINK.

Interestingly, Santiment weighed in on the correction, noting that the latter four would be potential beneficiaries if the Fed-induced crash was an overreaction by the market.

Click on the avatar live to watch the live broadcast and chat!