BTC$BTC , ETH$ETH , and the entire crypto market love surprises. Although the Fed cut rates by 25 bps, it was expected. After the news, the market spiked a bit but is now dumping as top traders have already bought the rumor and are selling the news.

The negative is that the Fed didn't provide clear details on future rate cuts, which caused the market to dump.

The positive from the meeting is that the Fed will buy $40 billion in Treasury Bills over the next 30 days. This is not QE yet, so we are expecting something good.

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BTCUSDT

Perp

90,220.4

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ETH

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