Overview
- Federal Reserve policymakers delivered a third consecutive rate cut and announced $40 billion in short‑term Treasury purchases.
- Bitcoin fell to about $89,000 right after the decision, then recovered to roughly $93,000, while ADA and AVAX dropped 6–7% and Ether slipped about 3%.
- The Fed’s dot plot pointed to only a modest easing path into 2026, and Powell flagged labor‑market and inflation uncertainties that left investors uneasy.
- Analysts reported profit‑taking by large holders after the decision and liquidity plan were confirmed, describing the reaction as classic sell‑the‑news behavior.
- Oracle’s disappointing results pressured tech shares and helped transmit risk‑off sentiment into crypto, even as some market gauges signaled selling pressure was fading.