Fed interest rate cut of 25 bps fail to move crypto market. Source: Key Takeaways The Fed’s 25 bps rate cut on Dec. 10 failed to lift the crypto market. Instead, Bitcoin, Ethereum, and major altcoins plunged within hours of the announcement. Hawkish messaging from Fed Chair Jerome Powell overshadowed the rate cut and fueled risk-off sentiment. The Federal Reserve delivered a widely expected 25-basis-point (bps) rate cut on Tuesday, lowering the federal funds target to 3.50%–3.75%. It was the cen ...