"...Fed delivers expected 25bps cut, but signals rates may stay elevated..." đšthen $BTC dropped 5%, altcoins went down deeper!! đđ»
Why? đ§ ...... While a rate cut is often seen as a positive for risk assets like cryptocurrencies, the market's reaction to the recent #FED decision was more nuanced. đ
Here's why:
â Hawkish Tone: Despite the rate cut, the Fed's statement signaled a more hawkish stance than expected. They hinted at the possibility of higher rates for longer, which could dampen investor sentiment. đ€
đŻ Market Expectations: The market had already priced in a rate cut. The lack of a more dovish tone, coupled with the Fed's cautious outlook, led to disappointment and selling pressure. âïž
đą Crypto's Risk-On Nature: Cryptocurrencies are often considered high-risk assets. In times of economic uncertainty, investors may prefer safer, more traditional investments.  đŠđ
While the long-term outlook for crypto remains #Bullish , short-term market volatility is to be expected. đ€đ It's important to stay informed and adjust your investment strategy accordingly. DYOR! #BTC #Bitcoin
