The Fed lowered the rate by 25 bps, as expected. I noted in advance that no strong movement should be anticipated after the meeting: this was priced in by the market. The main impulse occurred the day before, when Bitcoin rose to 95,000 and entered a large order zone. After that, the crypto market corrected along with stock indices.
Crypto is most correlated with the small-cap index Russell 2000. Currently, Russell looks better than S&P 500 and Nasdaq, so the post-FOMC effect may still persist.
Powell stated that the cycle of rate cuts will continue if necessary, and the Fed is launching QE, increasing liquidity in the system. This is positive for crypto. In my opinion, a rise in crypto assets is possible in the next 1–2 weeks. #BTC
