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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/feds-rate-cut-triggers-bitcoin-market-turbulence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Fed’s Rate Cut Triggers Bitcoin Market Turbulence</a><br></p>
<p style="text-align: justify">The Federal Reserve’s recent 25 basis point rate reduction has led to notable instability in the <a href="https://en.bitcoinhaber.net/analysts-predict-bitcoin-price-movements" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and cryptocurrency sectors. Following the announcement, Bitcoin’s value dipped below the crucial $100,000 threshold, resulting in heightened selling pressure due to market trepidations surrounding the Fed’s projected modest rate cuts for 2025 and beyond.</p>
<h2 style="text-align: justify" id="strong-what-caused-the-860-million-liquidation-strong"><strong>What Caused the $860 Million Liquidation?</strong></h2>
<p style="text-align: justify">This decline in Bitcoin triggered up to a 10% loss in various altcoins, including Ethereum, Dogecoin, <a href="https://en.bitcoinhaber.net/ripple-launches-rlusd-stablecoin-to-support-xrp" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, and <a href="https://en.bitcoinhaber.net/crypto-analyst-jason-pizzino-cautions-on-solanas-momentum-loss" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a>, culminating in a staggering total liquidation of $860 million. According to blockchain analysis firm Santiment, Bitcoin’s performance remained comparatively stable against the S&amp;P 500 index, indicating a complex reaction to the Fed’s policy shift.</p>
<h2 style="text-align: justify" id="strong-how-are-altcoins-performing-post-announcement-strong"><strong>How Are Altcoins Performing Post-Announcement?</strong></h2>
<p style="text-align: justify">Altcoins experienced sharper declines than Bitcoin, with Ethereum just managing to hold the $3,550 mark. In contrast, XRP fell to $2.25, risking a breach of its critical support. Analyst IncomeSharks pointed out that Ethereum’s indicators still suggest potential growth, yet XRP’s future looks bleak if it cannot maintain its current level.</p>
<p style="text-align: justify">The decision by the Bank of Japan to maintain its interest rates led to a depreciation of the yen against the dollar. Despite an inflow of $356 million into BlackRock’s IBIT Bitcoin ETF, other ETFs faced net outflows, highlighting the mixed sentiment within the market.</p>
<ul>
 <li>Bitcoin’s value dropped below $100,000 following Fed’s rate cut.</li>
 <li>Total market liquidation reached $860 million.</li>
 <li>Ethereum remained above $3,550, while XRP struggles at $2.25.</li>
 <li>BlackRock’s ETF saw inflows while other ETFs faced outflows.</li>
</ul>
<p style="text-align: justify">Current conditions suggest that the Altcoin Season Index’s decline to 55 may signal the waning of the altcoin season. The volatility in the crypto market is urging traders to adopt a more cautious approach as they navigate through this turbulent phase.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/feds-rate-cut-triggers-bitcoin-market-turbulence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Fed’s Rate Cut Triggers Bitcoin Market Turbulence</a></h5>

Fed’s Rate Cut Triggers Bitcoin Market Turbulence

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