Bitcoin Dips Amid Fed’s Hawkish Stance: What You Need to Know - Cryptolandoff

Bitcoin Dips Amid Fed’s Hawkish Stance: What You Need to Know

The Fed’s Rate Decision The Federal Reserve decreased the benchmark fed funds rate by 25 basis points to a range of 4.25%-4.50%.

Impact on Inflation Projections The Fed raised its Personal Consumption Expenditures (PCE) inflation forecast for 2025 to 2.5%.

Bitcoin and Altcoin Price Movements Bitcoin's price dropped nearly 5% in 24 hours, reaching $101,000.

Powell’s Insights and Market Reactions Fed Chair Jerome Powell highlighted that a slower pace of rate cuts is linked to inflation expectations.

Bitcoin’s Macro Challenges Experts warn that tightening financial conditions and a strong US dollar pose risks for Bitcoin.