Crypto market steadies after FOMC rate cut as Bitcoin and Ethereum attempt early rebound
The crypto market posted a measured but constructive reaction on 10 December following the Federal Reserve’s decision to cut interest rates by 25 basis points.
Also, in Chair Jerome Powell’s press conference, he acknowledged rising labor-market risks and signalled data-dependent easing going forward.
Across major assets like Bitcoin and Ethereum, price action remained orderly—neither euphoric nor risk-off—suggesting that traders are still digesting whether this cut marks the beginning of a broader easing cycle.
Crypto market cap edges higher after the decision
The total crypto market cap climbed gradually after the statement. It accelerated slightly following Powell’s remarks, recovering toward the $3.26 trillion…
