Bitcoin dropped to $111,000, dragging the crypto market down 2.4% after the Federal Reserve’s 0.25% rate cut announcement.
CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$110,876.85Ethereum(CRYPTO: ETH)$3,920.94Solana(CRYPTO: SOL)$194.33XRP(CRYPTO: XRP)$2.61Dogecoin(CRYPTO: DOGE)$0.1931Shiba Inu(CRYPTO: SHIB)$0.00001023
Notable Statistics:
Coinglass data shows 146,874 traders were liquidated in the past 24 hours for $555.80 million.
In the past 24 hours, top gainers include OFFICIAL TRUMP, Zcash and Pi.
Notable Developments:
Trader Notes: Crypto chart analyst Ali Martinez highlighted that five of the six FOMC meetings this year have coincided with Bitcoin pullbacks, with only one resulting in a short-lived rally.
Entrepreneur and Bitcoin investor Lark Davis noted that the Fed’s 25 bps rate cut and plans to end QT sparked a classic sell-the-news reaction, pushing Bitcoin below $110,000.
Rekt Capital observed that Bitcoin has returned to a key support zone following Powell’s remarks, with typical FOMC-induced volatility adding short-term pressure.
He emphasized that holding this level keeps the structure intact, but a breakdown could turn the outlook bearish — making tomorrow’s session critical.
Echoing a similar view, Jelle said Bitcoin’s reaction remains tied to FOMC jitters, and the next day’s price movement will likely determine whether support holds or fails.
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