Bitcoin Falls Below $110K, Ethereum Below $3.9K After Fed Comments
Bitcoin briefly dipped to $110,370 and Ethereum to $3,820 following Powell’s hawkish FOMC remarks, underscoring heightened volatility in major cryptocurrencies amid U.S. monetary policy uncertainty.
BTC
ETH
SOL
Summary
Bitcoin fell 1.02% in 24 hours to $110,370 after Federal Reserve Chair Jerome Powell’s hawkish remarks post-FOMC meeting. Ethereum touched $3,820 before rebounding to $3,910, while Solana dropped under $190 before recovering to $194.7. The moves came amid heightened uncertainty over future U.S. interest rate cuts and broader risk asset volatility.
Terms & Concepts
- BTC: Ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
- ETH: Ticker symbol for Ethereum, a leading blockchain platform that supports smart contracts and decentralized applications.