Bitcoins value drops following Federal Reserve announcements

For days, there was anticipation surrounding the Federal Reserve’s announcements on Wednesday, as investors saw it as a potential turning point. Prior to the opening of the US markets, there was optimism regarding inflation data, but the outcome did not meet expectations. Half an hour before Powell’s statements, the interest rate decision and the members’ 3-year rate forecasts were made public. The dot plot revealed a consensus for a 25 basis point cut in 2024. Stay updated on the latest technology news by accessing NEWSLINKER.