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breaking: bitcoin plunges below $110,000 after FOMC rate cut disappoints OG holders! 🌕📉 no moonshot
fOmC rate cut didn’t pump $BTC? 🤡📉 What’s next? 🤔 Maybe Elon drops a DOGE
Everyone anticipated a crypto moonshot. For OG Bitcoin holders, the FOMC event held little significance as Jerome Powell and the Federal Reserve emerged as saviors for those who bought the top. Despite hopes for a rise, Bitcoin’s value plunged over 5% below $110,000, leaving many disappointed. Traders now closely monitor Bitcoin’s price action, with dominance above 59%, while the total crypto market cap fell to over $3.8 billion. 🌕💸📉
The FOMC’s rate cut was in line with expectations, aiming to boost employment amid elevated inflation. Powell’s cautious approach, hinting at no rush for further cuts in December, triggered a negative market response. This unexpected stance, contrary to the high probability of a December cut, unsettled analysts and traders, impacting the rate cut expectations. 🏦💰📉
If an FOMC rate cut doesn’t move the price of Bitcoin, what will?
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