$BTC $ETH and the market continues to plunge into the red – the “Sell the News” effect exploded right after the Fed's announcement.
As predicted by the majority of analysts, the Fed has lowered interest rates for the third consecutive time in the series of year-end meetings. In addition, right after ending the QT program at the beginning of the month, the Fed continued to inject 40 billion USD to support liquidity for the banking system in December.
However, the price of BTC did not react positively. Right after the announcement, the market immediately adjusted due to the “hawkish” remarks of Chairman Powell, causing investor sentiment to decline.
Currently, the market is in an extremely difficult phase for both traders and holders – especially Altcoin. Bitcoin only needs to rise slightly by 5–10% to be sold heavily again, while most Altcoins (about 90%) are still tirelessly searching for new lows.
#FOMCWatch #CPI_BTC_Watch #BTC
