📉 Overnight, the BTC price dropped below $99,000, while the US stock market lost over $1.5 trillion.
The market turmoil was triggered by the hawkish policy of Fed Chair Jerome Powell, who stated that future rate adjustments might be carried out more cautiously, with the path depending on further progress in reducing inflation.
Achieving the target inflation rate may take another one to two years, and a rate hike next year is unlikely.
