The Federal Reserve continues to cut interest rates by 25 basis points, but the cryptocurrency market has dropped. What’s going on?

From a broader perspective, interest rate cuts are favorable for Bitcoin because rates are continuously declining, and traditional financial capital will flow out in search of higher returns. However, this takes time, typically one to two weeks, for the benefits of the rate cuts to materialize. So let's wait a bit and see if BTC returns to 120,000 next month.