Bitcoin took a little tumble, dropping nearly 3% after the Fed hinted that Santa might not be delivering those interest rate cuts this year. 🎅 Federal Reserve Chair Jerome Powell, speaking in Dallas, said the economy's doing just fine, thank you very much, so no rush to lower rates.

Bitcoiners are on high alert, as lower rates usually mean more folks eyeing Bitcoin over boring bonds. With inflation slightly above expectations, the Fed's playing it cool for now. Meanwhile, traders are biting their nails, with only a 59% chance of a December rate cut. Keep your crypto hats on, folks!