Federal Reserve Chairman Powell made his first statement at a press conference following the interest rate meeting, indicating that the Fed does not intend to add Bitcoin to its balance sheet. We cannot hold Bitcoin. The Federal Reserve Act specifies what we can own, and we have no intention of seeking to change the law. This is something for Congress to consider, but we at the Fed are not seeking changes," Powell said.

On Wednesday, Bitcoin briefly fell by 5.3% to $100,752, having crossed $108,000 for the first time the day before. Data compiled by Bloomberg shows that the top seven digital tokens by market capitalization all declined.

On the same day, Wednesday, the Fed cut interest rates by 25 basis points as expected, but its latest quarterly forecast indicated a reduced rate cut in 2025. Typically, lower interest rates stimulate demand for risk assets like cryptocurrencies, while higher rates dampen demand. It’s curious that Powell’s press conference happened on the same day, first stating that Bitcoin cannot be held, followed by the rate cut. You go figure... #比特币冲向11万？ $BTC