Bitcoin and ETH whipsaw after Fed’s quarter-point cut and caution on further easing
The Block
Bitcoin and Ether experienced volatility following the Fed's quarter-point rate cut, tempered by cautious language regarding future easing.Summary
The Federal Open Market Committee (FOMC) lowered the federal funds rate to 3.5%–3.75% via a 9–3 vote, but market reaction was mixed as the Fed included language signaling a high bar for further easing, stating they would "carefully assess incoming data." Bitcoin and Ether saw choppy trading, with BTC swinging between $91,700 and $93,200. Adding to market dynamics, the Fed announced it would restart Treasury bill purchases totaling $40 billion. Analysts noted that while the decision was less hawkish than feared, projections showing only one rate cut next year tempered optimism, injecting uncertainty into the macro outlook and potentially limiting risk-asset upside.
(Source：The Block)