Fed Just Dropped a Bomb on Crypto Markets 💣
The FOMC kept rates at 3.5%-3.75% as expected, but here's what actually moved markets:
📌 Hawkish Powell speech = risk assets SELLOFF
📌 Bitcoin DUMPED 4.6% to $71K
📌 Ethereum down 6% to $2,181
📌 Total crypto market cap -$100 Billion wiped out [citation:9]
Why this happened:
The Fed raised inflation forecasts and cited MIDDLE EAST TENSIONS as a key worry. Oil prices + sticky inflation = no rate cuts anytime soon [citation:3][citation:9].
Key levels right now:
🟢 Bitcoin support: $70,000 (must hold!)
🔴 Resistance: $74,000 (previous support turned resistance)
What I'm watching:
The options expiry coming up could amplify volatility [citation:7]. If $70K breaks, next stop is $68K. If it holds, we might see a relief bounce.
Your move? Buying the dip or waiting on sidelines? 👇
#FOMC #BitCrash #CryptoMarket #BTC