BTC Slides 2% to $90K as Fed Rate Cut and $40B Treasury Program Shift Market Dynamics

Bitcoin (BTCUSDT) is currently trading at $90,318.67 on Binance, marking a 2.00% decrease over the past 24 hours from a 24h open of $92,161.13. The recent price decline is largely attributed to increased market volatility following the Federal Reserve’s announcement of a 0.25 percentage point rate cut and the launch of a $40 billion Treasury Bill purchase program, which may influence overall market liquidity. Additional factors include significant transfers of BTC between anonymous addresses, ongoing macroeconomic concerns highlighted by the Fed, and market sentiment shaped by technical indicators that have shown short-term sell signals. Bitcoin’s trading activity remains robust, with 24-hour volumes exceeding $80 billion and prices ranging between $89,480 and $94,495.2, while the market cap stands around $1.80 trillion and the circulating supply is approximately 19.96 million BTC. Broader market trends such as institutional participation, regulatory developments, and the introduction of Bitcoin-backed financial instruments continue to impact overall market dynamics.