#MarketPullback

After hitting a new record price of $108,268 this week, Bitcoin plummeted and lost its bullish momentum following an announcement from the Federal Reserve of the United States regarding the future evolution of interest rates.

On the other hand, altcoins also suffered significant declines in the last 24 hours. Solana (11.7%), Ethereum (12%), and XRP (10%) were dragged down by Bitcoin's bearish trend.

The main reason for the BTC retreat is surely due to the Federal Reserve's decisions: the Fed announced a reduction in interest rates by 25 basis points, but also indicated that it anticipates fewer cuts in the future, which generated concern in the markets. This change in monetary policy led to negative sentiment among investors, directly affecting the price of Bitcoin, which fell more than $10,000 from its recent highs.