Crypto Update: – 111 Km below $111
Bitcoin fell below $111,000 from the comments of the Pole Hawkeyes. Powell said the baby's birth rate “is not a foregone conclusion.” Losses posted as ETERERum, XRP and Solana and Solana
Bitcoin and the wider cryptocurrency market took a sharp downturn after US Federal Reserve Chair Jerome Powell signaled that a highly anticipated December interest rate cut was not guaranteed, reversing market sentiment that had priced in further easing.
Hawkins' comments immediately sent investors below key support levels and cut off a broader sell-off in digital assets.
The joint is expected to cut the dress-point-point level, the future path of the monetary policy has become the fuel of the current negative reaction.
Powell cut the cut in December
At the conclusion of the Federal Open Market Committee (Famec), the policy framework announced a 0.25% point reduction in the policy rate to 3.75-4.00%.
However, taking a cautious stance when moving forward quickly led to an optimistic view of the market.
Powell explained that the central bank wants more economic data, especially after the key indicators from the recent government shutdown have been covered.
“We may need to delay rate adjustments. I hope to get more data by December.
He revealed the division of development in the committee.
“More and more members want to delay the rate cuts, after two consecutive cuts, some members are taking a conservative and conservative position.
The view that we should wait at least one cycle is spreading. “
Bitcoin dominates the market
Unexpected caution for Powell, the market was quick and decisive.
After the release of the Cabicon, which was sold at $113,000 in front of the press conference, more than $110,000 lovers hit the instruction period below $109,000.
On Thursday, it was struggling to $110,000, down less than 2% from today.
He felt a weakness in the entire Crypto ecosystem.
Other major cryptocurrencies also posted significant losses, including:
Etherum (AM) It fell 1.93% to $3,899.87.
Xrp It fell 2.74% to $2.53.
Solana (Sun) It decreased by 1.04% to $192.37.
A silver lining? The right to finish the amount
However, Paul's press conference is not entirely hawkish. In addition, it has formally announced a reduction program known as quantitative easing (QT), which can increase liquidity in the financial system.
We have decided to stop Paul from December 1. FADEAD's balance sheet has decreased by more than $2.2 trillion over three and a half years.
We now believe that we are getting close to having enough players.
With the entry at the back, all eyes will be on the American-Chinese side
With the immediate policy path now associated with food, investors are unaware of the next major focus: the US-China meeting.
Traders from the Crypto market are looking for the conference call between the US President Donald Trump and the Chinese President XI.
The high-level meeting is scheduled for Thursday morning, according to Gim Areif Air Force Base <ናራሚሪ> Make an appointment at Institution>.
