The #FOMC just cut interest rates by 25bps/0.25%, but something more important changed!
They raised their interest rate projections for the next 3 years by 50bps/0.5%.
This is not good for crypto in the short term.
The #FED is suggesting fewer interest rate cuts in the short-medium term which won't be good for risk assets such as BTC and other #alts
The market has also been diverging for the last couple of weeks so will likely fall in reaction to this.
Don't worry though #ALTSEASON will eventually come and mark the end of this bull run unless Trump creates the BTC strategic reserve and sends crypto 100 times higher.