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Bitcoin Tumbles Back to $110K on Fed's Powell's Hawkish Comments
Yahoo Finance·2025-10-30 02:49

A solid down day in crypto is morphing into a plunge after Federal Reserve Chairman's unexpectedly hawkish remarks at his post-policy meeting press conference. "A rate cut in December is far from a foregone conclusion," said Powell in his opening remarks. That was a shock to markets, which had priced in a 90% chance of another rate cut at the Fed's final meeting of the year. The effect in prices was immediate, with bitcoin (BTC) tumbling about 2Ktothecurrent2K to the current 109,600, now lower by 5% over the past 24 ...