**Crypto Market Reacts to Fed's Rate Cut and Inflation Outlook**
The Federal Reserve's recent 25 basis point rate cut has stirred the crypto market. Despite expectations for the cut, Bitcoin plunged 4.6% to $101,300, and Ether dropped nearly 6% to $3,600. The Fed's announcement of only two more rate cuts in 2025 and an increased inflation forecast from 2.1% to 2.5% surprised many traders.
Fed Chair Jerome Powell emphasized that these changes reflect the central bank's readiness to adapt to the U.S. economy's needs. Meanwhile, crypto analysts note that Bitcoin's dip cleared positions, with critical bid zones between $100,000 and $98,000.