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The crypto market faced a significant downturn following the Federal Reserve's recent meeting, where a 25-basis-point rate cut was announced alongside a reduction in expected cuts for 2025, leading to a drop in Bitcoin's price below $100,000. Despite the immediate pullback, experts like Matt Hougan maintain a positive long-term outlook for crypto, citing ongoing institutional adoption and favorable technical indicators. The Fed's cautious stance is seen as a strategic move to manage market expectations rather than a definitive forecast.
Andreas Steno Larsen
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crypto market reacts to fed rate cut as bitcoin dips below 100000
14:00 19.12.2024
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