Yigit Taha OZTURK 
The U.S. Federal Reserve (FED) announced its highly anticipated interest rate decision at 10:00 PM today. As expected by the markets, the interest rate was reduced from 4.75% to 4.50%. This move could have significant implications for global markets and especially for the cryptocurrency market.
The rate cut is seen as the latest effort to control inflation and support the economy. Analysts highlight that this decision might have a positive impact on risk assets and encourage investors to develop new strategies.
Bitcoin and Altcoins See Declines
Following the FED’s decision, the crypto market experienced sharp movements.
- Bitcoin (BTC) dropped by 0.3%, trading at $104,859 after the rate cut.
- Similarly, Ethereum (ETH) declined by 0.5%, reaching $3,872.
How Did Gold and Nasdaq React?
The FED’s rate cut not only influenced cryptocurrencies but also caused notable price movements in traditional markets:
- Gold (XAU/USD): The safe-haven asset fell by 0.4%, trading at $2,631.
- NASDAQ Index: The index declined by 0.4%, reaching 21,944 points, as risk appetite shifted.
Analysts’ Take on Market Volatility
Analysts suggest that the rate cut might have positive long-term effects on the crypto market, but short-term volatility is expected to persist. Key resistance levels in Bitcoin and other major cryptocurrencies are likely to be tested in the coming days.
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