A few hours ago, a meeting of the Federal Reserve was held, leading to a general decline in the cryptocurrency market.

Mainstream cryptocurrencies generally fell by about 10%.
Actually, Powell's speech at the meeting was relatively standard, but there are still two pieces of information that attracted everyone's attention.

First, it was decided to lower the benchmark interest rate by 25 basis points, reducing the target range of the federal funds rate from 4.5% to 4.75% to 4.25% to 4.50%, which meets market expectations.

However, subsequent interest rate cuts may not come so quickly. When asked about the conditions for continuing to lower rates, Powell indicated that considering factors like inflation and unemployment, the probability of a rate cut in January is very low.