Federal Reserve Chair Jerome Powell signaled that following October’s 25 basis point rate cut, there may be no further cuts throughout 2025. His remarks dampened expectations for a continued easing cycle, triggering a sell-off across risk assets, particularly in the cryptocurrency market. Bitcoin (BTC) dropped about 2.5%, falling toward $110,000, while Ethereum (ETH) declined over 2% to around $3,250. Analysts noted that Powell’s tone suggested liquidity conditions may remain tight, cooling investor optimism after months of market rally.
“Powell’s Rate Warning Shakes Crypto: Bitcoin Slips Toward $110,000”
