The market declined despite the FOMC because the decision was already priced in, meaning the effect of the rate cut had already been reflected in the prices. Large traders pumped first, and as soon as the announcement was made, they sold off to take profits, causing the market to drop.
The comments from #Powell also created uncertainty — they indicated that the labor market is weak, inflation is still high, and there is no promise of strong rate cuts in the future.
The Dot Plot showed only one rate cut in 2026, which the market perceived as bearish.
After that, Oracle's poor earnings came out, which sparked fears of an AI bubble bursting. The stock dropped by 11–12% and the entire market fell, which affected crypto as well.
In other words:
The rate cut was already priced in
Wheels took profit
Powell did not signal strong easing
Oracle earnings spread fear
That's why the dump happened.
BTC
90,435.45
-2.28%
