Key Points:
After the Federal Reserve cut interest rates by 25 basis points, BTC sell-off intensified.
The weakness in the cryptocurrency market indicates that although traders believe the rate cuts will last until 2026, they are focusing on macroeconomic headwinds such as a weakening job market and inflation issues.
BTC price fell to $109,200 on Wednesday before the Federal Reserve's decision to cut rates by 25 basis points. Analysts noted that while traders may have anticipated a certain degree of risk aversion before Federal Reserve Chairman Jerome Powell's announcement, the 6% drop in BTC after rising to $116,400 on Monday may have been more severe than expected, especially considering analysts generally anticipated a 25 basis point cut.
The current Fed dot plot indicates three rate cuts by 2025. Goldman Sachs analysts have predicted at least two 25 basis point cuts in March and June 2026, which would place the Fed's benchmark rate in the range of 3% to 3.25%. From this perspective, BTC's short-term price movement is contrary to traders' expectations.
Analysts at crypto analysis firm Hyblock stated:
Given that market consensus leans towards foreseeable rate cuts in the near future, investors' focus has shifted to the perspective of "what happens after the rate cuts." Increasing layoffs in the U.S. job market, the long-term effects of President Trump's tariff war, and whether the artificial intelligence industry is in a speculative bubble or built on solid foundations are the factors traders are most concerned about.
Traders will be watching Powell's responses to these factors during the FOMC press conference on Wednesday, as they may have a greater impact on BTC price movements than today's rate cut, which the market widely anticipates as a 0.25% cut, already priced in.
A notable addition to the FOMC statement is the confirmation that the Federal Reserve will stop reducing its balance sheet on December 1, marking the end of quantitative tightening.
Related: Michael Saylor predicts Bitcoin (BTC) could soar to $150,000 by the end of 2025
This article does not contain any investment advice or recommendations. Any investment and trading activities involve risks, and readers should conduct their own research before making decisions.
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