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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 $110,700, down 1.3% over the past hour. The largest cryptocurrency by market capitalization has sagged more than 10% after dropping below $105,000 earlier this month. Ethereum, the second-largest digital a ...