The crypto market experienced a significant downturn, losing over $850 million in value due to liquidations. This drop followed the announcement of a 25 basis point reduction in the Federal Reserve's benchmark policy rate. Federal Reserve Chair Jerome Powell's conservative approach to future rate adjustments caused uncertainty and widespread selling in the market. This shift in monetary policy led to a sharp decline in Bitcoin and other major cryptocurrencies. Despite these setbacks, the sentiment among crypto traders remains bullish, and Bitcoin-related investment vehicles saw notable inflows. The market activity demonstrates the influence of US monetary policy on the crypto sector.



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