#Fed Cuts Rates But Bitcoin Fails to Fly! ๐ธ๐
๐ The Federal Reserve (Fed) has just cut interest rates by 0.25% (25 bps) and even paused Quantitative Tightening (QT) โ meaning they stopped pulling money out of the market.๐ฐ
๐But instead of a rally, Bitcoin dropped to $109,200 right after the news! ๐ฑ๐
๐ฌ Fed Chair Jerome Powell said,
โItโs too early to say if weโll cut rates again in December.โ
That uncertainty disappointed many investors ๐ and cooled off market sentiment.
๐ On top of that, global macroeconomic concerns are still weighing heavily on the market, leading to weak buying pressure and cautious moves from traders. ๐ฌ
โ
In short:
Rate cuts = good news ๐ข
But uncertainty + global worries = #bearish mood ๐ฅ
So even though the Fed gave the market a gift, Bitcoin couldnโt celebrate this time. ๐โก๏ธ๐
