📉 Bitcoin Dips Below $90,000 After Fed Rate Cut Shakes Market Sentiment
Bitcoin slipped below the $90,000 mark today, sliding as traders reacted to the U.S. Federal Reserve’s latest interest rate cut — even as broader markets showed strength. The largest cryptocurrency dropped as much as ~3%, briefly trading under $90,000 before a modest rebound.
The Fed’s 25 basis-point rate cut was widely expected, but its cautious tone and mixed guidance tempered optimism. That led many investors to unwind risk positions instead of piling in — making Bitcoin’s price action feel like a “sell-the-news” event.
🧠 Why it matters:
• Rate cuts usually boost risk assets by lowering borrowing costs, but the Fed signaled limited future easing, keeping markets cautious.
• Weakness in tech sentiment and broader risk-off mood added pressure on crypto.
• Ether and other tokens also fell sharply, showing broader risk aversion.
📊 My take:
Bitcoin is still trading close to $90K, but this move underscores how macroeconomic policy — not just crypto fundamentals — is driving short-term prices. The dip isn’t surprising in a volatile year, and if liquidity returns and economic signals improve, Bitcoin could stabilize and even resume its upward trend. But for now, uncertainty remains high.$BTC
