The Federal Reserve cut interest rates by 25 basis points to 4.25%-4.50%, the third rate cut this year, totaling 100 basis points since September. While expected, the less dovish outlook for 2025 suggests only 50 basis points of further cuts next year. Bitcoin traded above $104,000 following the announcement, though a stronger U.S. dollar and tightening liquidity pose macro risks for crypto. However, on-chain data shows declining BTC exchange balances, indicating a supply deficit that supports long-term bullish prospects. Fed Chair Powell's upcoming press conference will provide further policy insights. #BinanceSeason #Flicky123Nohawn