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<ul><li>Bitcoin drops 5% to $98,700 after Jerome Powell signals cautious rate-cut plans.</li><li>XRP, Solana, and Dogecoin face declines while $803M in futures liquidations are recorded.</li><li>Powell dismisses the Fed’s Bitcoin ownership, adding to the ongoing market pressure.</li></ul><p>The cryptocurrency market experienced a sharp correction following Federal Reserve Chair Jerome Powell’s comments on interest rate policy and Bitcoin. Major cryptocurrencies like XRP and Solana also experienced single-digit price losses in the last 24 hours.</p><p><a href="https://cryptotale.org/bitcoin-could-hit-200k-by-mid-2025-says-bitfinex-analysts/" rel="noopener noreferrer nofollow">Bitcoin</a> dropped to as low as $98,700, marking a nearly 5% decline in 24 hours after achieving a new all-time high above $108,000 earlier this week. The sell-off intensified during Powell’s press conference, where he indicated a more measured approach to rate cuts in 2025. He stated the Fed “can therefore be more cautious as we consider further adjustments to our policy rate.”</p>

Bitcoin, XRP, DOGE Drop Amid Powell’s Rate Cut Signals

CryptoTale

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