
Bitcoin and other major assets like Ethereum, XRP, and Dogecoin fell fast after Federal Reserve Chair Jerome Powell spoke and announced an expected interest rate cut. The move apparently pushed investors away from “risk-on” assets like crypto and U.S. equities on word that the central bank would not cut aggressively in 2025.
The largest digital asset by market cap is now trading for $101,430 after plunging following the Fed press conference. In the past 24 hours, the asset has dropped by nearly 5%, falling sharply after setting a new all-time high price above $108,000 early Tuesday.
XRP is down 10% on the
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