The US Federal Reserve (Fed) lowered its policy interest rate by 25 basis points and signaled fewer interest rate cuts than expected in 2025, causing a sell-off in Bitcoin and the crypto market. Following Fed Chair Jerome Powell's statements, Bitcoin fell by 4.6% to $101,300, while Ether fell by 5.96% to $3,600.

Powell stated that there would be only two interest rate cuts in 2025 and raised his inflation forecast from 2.1% to 2.5%. These developments were evaluated as a hawkish stance in the market.

Crypto analyst Skew stated that BTC found buyers in the $100,000-$98,000 range and that it was important to stay above this level. Share your views in the comments.