Bitcoin, Ethereum Tumble After Fed Cuts Rates, but Powell Says Another 'Not a Forgone Conclusion'
Yahoo Finance·2025-10-30 02:09
The U.S. central bank slashed the interest rate 0.25% on Wednesday, a widely expected move that left crypto markets largely unimpressed, although prices subsequently tumbled when Federal Reserve Chair Jerome Powell said that a December rate cut was "not a foregone conclusion." Bitcoin was trading at about 105,000 earlier this month. Ethereum, the second-largest digital a ...