#BTC #XRP #DOGE Bitcoin was set to fall for the second consecutive week as a rally induced by Donald Trump’s presidential election victory lost steam after the Fed meeting hindered.

The rally had pushed prices to an all-time high of $108,244.9 last week, after which prices fell due to profit-taking amid macroeconomic pressures induced by the Fed rate outlook.

The central bank lowered rates by 25 basis points but indicated only two rate cuts for the upcoming year, compared with previous expectations for four cuts.

This shift led investors to reassess their positions in speculative assets like Bitcoin, contributing to its price decline. Other cryptocurrencies also fell tracing Bitcoin prices, and were set for weekly losses. Demand for speculative assets was still subdued after the hawkish Fed spurred liquidity concerns. World no.2 crypto Ether was 1.5% lower at $3,3379.39, after falling nearly 5% in the previous day.

World no.3 crypto XRP fell 2.8% to $2.2187 and was set to fall nearly 4% the week.

Solana fell 1.7% and Polygon lost 1%, while Cardano fell more than 8% to $0.8965. Among meme tokens, Dogecoin fell 2.6%.