Fed Policy Shakes Crypto Markets: A Temporary Hiccup in the Bullish Trend? đ
Letâs take a look:
1. The Federal Reserve cut interest rates by 25 basis points and adjusted 2024 rate cut projections from 4 to 2.
2. Risk assets reacted sharply, with Bitcoin falling from ~$106k to below $99k before partial recovery.
3. $600M in leveraged long positions were liquidated, amplifying the sell-off.
4. Despite this, bullish crypto trends remain intact due to:
âą Pro-crypto U.S. policies
âą Growing institutional and ETF adoption
âą Strategic Bitcoin accumulation by governments and corporations
âą Advancements in programmable blockchain technology.
5. Technical indicators, like Bitcoinâs EMA trend, still support upward momentum.
So, todayâs market move appears to be a short-term event rather than a trend reversal, reaffirming the multi-year crypto bull market.
We are still bullish!
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