$BITCOIN
BITCOIN
Alpha
0.041596
-0.30%
saw significant volatility after the Federal Reserve's recent interest rate cut. Despite the cut, typically bullish for risk assets, $BTC
BTC
89,736.9
+0.43%
's price dropped in a "sell-the-news" event, amplified by the Fed's cautious commentary.
• The Fed cut rates by 25 basis points to a 3.75%-4.00% range, but its commentary on future cuts led to a "hawkish cut" perception.
• The market reaction included a price drop below $110,000 and over $817 million in leveraged position liquidations.
HEMI
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