Bitcoin takes a tumble! 📉 After the Fed hinted at no more rate cuts, Bitcoin slipped nearly 3%. Fed Chair Jerome Powell, speaking in Dallas, said the economy's doing just fine, so no rush to lower rates. Traders were hoping for a December cut, but now only 59% think it's likely.
Why does this matter? Lower rates make bonds less attractive, pushing investors towards Bitcoin and tech stocks. But with inflation data slightly above expectations, the Fed's staying cautious.
What do you think? Is Bitcoin bouncing back, or will it keep sliding? Share your thoughts below! 💬