BTC Slides 2.23% Amid Fed Rate Cut, Surging Binance Volume Signals Growing Market Volatility

Bitcoin (BTCUSDT) declined by 2.23% over the past 24 hours, moving from an open of 92,424.95 USDT to 90,366.95 USDT on Binance. The price decrease can be attributed to a combination of factors, including cautious investor sentiment following the U.S. Federal Reserve's 25 basis point rate cut and initiation of monthly Treasury bill purchases, which contributed to market uncertainty and risk assessment for cryptocurrencies. Institutional flows have shown mixed activity, with recent ETF data reflecting both significant inflows and outflows, while on-chain data indicates a moderate easing of selling pressure and increased accumulation by Bitcoin holders. Currently, Bitcoin is trading near 90,366.95 USDT with strong market activity; its 24-hour volume on Binance stands at 1.43 billion USDT, highlighting sustained interest and volatility as traders watch for a break of key technical levels.