šØ WHY DID BITCOIN & CRYPTO DUMP? šØ
Hereās the reason why the market took a hitš
The FED got HAWKISH! š¦
Over the past few months, CPI has started to rise, and now the FED is worried this could become a problem. š
It was originally expected that weād see 3 rate cuts in 2025, but after todayās FOMC meeting, that number dropped to just 2. š¬
To make matters worse, the FED doesnāt think theyāll hit their 2% inflation target anytime soon, so theyāre sticking to a restrictive monetary policy. š
In other words, theyāre slowing down rate cuts and NOT turning on the money printer. šø
We all know that Bitcoin & crypto perform best when thereās easier money in the system. šŖ
So, will the market keep falling?
In the short term, maybe yes. But in the LONG TERM? Weāre only going UP! š