Is It All Over For the Bull Run? Rates Cuts Sink Crypto Markets – Here’s Why Crypto is Down
Retail markets are in despair, and analysts are asking why is crypto down after FOMC rates cuts failed to jump start price moves.
Crypto’s rally hit a policy reality check this week. A US rate cut, paired with a cautious message from the Federal Reserve, pulled Bitcoin, Ether, and most altcoins lower.
On Thursday, October 30, global crypto markets fell after the Fed cut rates by 25 basis points. Chair Jerome Powell warned another cut in December is “not a foregone conclusion.”
That comment shifted sentiment fast. By late trading, Bitcoin price slipped toward the $107,000–$109,000 band.
On the other hand, Ether eased to about $3,700–$3,900 as traders pulled risk across major venues.
The pressure began a day…
