The US will only lower by two points next year? BTC approaching 100K, US stocks Cryptocurrency staged a big kill.

As the market expected, the Federal Reserve cut interest rates by one basis point, suggesting that future rate cuts will be smaller. Major US stock indices plummeted, and US bond yields surged. Cryptocurrencies suffered heavy losses, with BTC dropping sharply to a low of $100,303. Ethercoin dropped to a low of $3,650, with a total liquidation volume of $668 million within 24 hours.

The Fed cut interest rates by one basis point, but the pace will slow in the future

The Fed, as expected by the market, cut the overnight borrowing rate by one point to a target range of 4.25%-4.5%. This is the third consecutive rate cut, but the rate dot plot released this time shows that there may only be two more rate cuts in 2025, half less than the scenario updated in September.

Chairman Jerome Powell said at the post-meeting press conference: "With today's action, we have lowered the policy rate by a full percentage point from its peak, and our policy stance is now noticeably less restrictive. Therefore, we can be more cautious when considering further adjustments to the policy rate."

BTC plummeted to above $100,000, and the total liquidation amount across the entire network reached 668 million magnesium.

Cryptocurrency is in a state of despair. BTC plummeted to a minimum of $100,303. Ethercoin dropped to a minimum of $3,650.

According to Coinglass data, the forced liquidation volume of BTC within 24 hours reached 120 million US dollars, Ethercoin reached 98.64 million US dollars, and the total network liquidation volume reached 668 million US dollars.

This article, the United States will only drop by two digits next year? BTC approaching 100K, the US stock Cryptocurrency staged a big kill first appeared in Chain News ABMedia.