Why are the prices of all cryptocurrencies going down now?

The recent decline in cryptocurrency prices is primarily attributed to the Federal Reserve's monetary policy decisions. While the Fed cut interest rates by 0.25%, Chair Powell's hawkish stance and hints of fewer rate cuts in 2025 have dampened investor enthusiasm. This, coupled with tightening global liquidity conditions and rising bond market volatility, has created an unfavorable environment for risk assets like cryptocurrencies. $BTC