Bitcoin tumbles to $109.2K after Fed 0.25% rate cut and decision to end QT
Cointelegraph
Bitcoin dropped to $109,200 despite the Fed cutting rates by 0.25% and ending quantitative tightening, as traders focus on future economic headwinds.Summary
Bitcoin's price fell to $109,200 following the Federal Reserve's decision to cut interest rates by 25 basis points and announce the end of quantitative tightening (QT) starting December 1st. This sell-off was sharper than anticipated, suggesting traders are prioritizing macroeconomic concerns over the expected rate cut, which was largely priced in. Key concerns include a weakening jobs market, potential long-term impacts of tariff policies, and speculation surrounding the AI sector. Analysts note that historically, the FOMC meeting often leads to an initial BTC dip followed by a recovery, suggesting current weakness might present buying opportunities if bullish indicators emerge.
(Source：Cointelegraph)