🔔 Crypto Market Update: Bitcoin Faces Pressure Amid Fed's Hawkish Stance

- The Federal Reserve cut interest rates by 25 basis points, but Chairman Jerome Powell's cautious tone on future easing has stirred uncertainty.

- Bitcoin's price dipped following the announcement, reflecting traders' concerns about further declines.

- Data shows a spike in demand for put options, indicating traders are hedging against potential downturns.

- The Fed's dot plot hints at fewer rate cuts in 2025, adding to market jitters.

- BTC is currently trading around $101,200, trying to bounce back from recent losses.

What are your thoughts on the Fed's impact on crypto? Share in the comments! 💬