#MarketCorrectionBuyOrHODL
Fed Chairman Powell gave the markets a big scare yesterday, causing #BTC to fall below $100k. Altcoins fell even further following #Bitcoin. 278k traders led for $806m in 24 hours. US stock market saw $1.5tn in liquidations.
Powell's key points:
- Fed leadership now forecasts two rate cuts in 2025, by 25bp each, instead of the four previously expected;
- Inflation will only return to the 2% target in 2027 (previously promised in 2026).
- The Fed is prohibited from buying #BTC on its balance sheet under US law.
