Bitcoin's price experienced significant volatility, dropping from an all-time high of over $108,000 to around $92,000 following the FOMC meeting, where Chairman Jerome Powell hinted at a slowdown in rate cuts due to rising inflation. This led to a market-wide sell-off, with nearly $700 million withdrawn from financial vehicles and over $1.3 billion in liquidations across the crypto market. Altcoins also suffered, with Ethereum down nearly 15% and DOGE plummeting 25%, raising concerns about the sustainability of the current bull run.
