🚨 SHOCKING PLUNGE: $BTC Crashes Below $100K as Powell’s Hawkish Speech Sparks $780M Liquidations! 🚨

Bitcoin's price has taken a jaw-dropping dive, briefly falling below $100,000 to hit a low of $98,839. This alarming crash follows Federal Reserve Chair Jerome Powell's hawkish remarks and the central bank's shocking policy shift, leaving the crypto market in chaos with $780 million liquidated in just 24 hours.

Hawkish Fed Policy Triggers Market Mayhem

In a stunning move, the Federal Reserve revealed plans to significantly reduce easing measures in 2025. While a 25-basis point rate cut was widely expected, the updated dot plot blindsided markets with a 50-basis point increase. This unexpected shift sent shockwaves through the financial landscape, driving the 10-year US Treasury yield and the dollar sharply higher while hammerin

g cryptocurrencies and stocks.

Powell’s cryptic metaphor added to market jitters:

“It’s not unlike driving on a foggy night or walking into a dark room full of furniture. You just slow down.”

Crypto Carnage: Altcoins Collapse Amid Bitcoin’s Turmoil

The bloodbath wasn’t confined to Bitcoin. Ethereum plunged 6.5%, XRP nosedived 12.64%, and the GMCI 30 index, tracking top cryptocurrencies, tumbled 7.18%. Powell’s outright dismissal of government Bitcoin ownership during his press conference further unnerved investors. His statement that the Fed is “not looking for a law change” to hold Bitcoin dashed hopes for institutional support.

Trump’s Promises Ignite Hope—But Hayes Warns of a Brutal Sell-Off

Recent optimism surrounding Bitcoin was sparked by President-elect Donald Trump’s proposal for a national Bitcoin reserve and state-backed reserves in Texas, Pennsylvania, and Florida. However, former BitMEX CEO Arthur Hayes has issued a dire warning. He predicts a “harrowing dump” in January, as Trump’s inauguration day brings a stark reality check to overly optimistic markets.

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