$BTC is down following the FOMC’s hawkish briefing. As of now, $BTC is trading at $110,024 and $ETH is at $3,902. Bitcoin dominance stands at 59.55%.
The Fed cut rates by 25 bps to 3.75–4.00% as a risk-management measure but emphasized that a December cut is not guaranteed, citing persistently high inflation and a resilient labor market. The Fed also announced that quantitative tightening will end on December 1, one month earlier than previously planned, with future policy decisions remaining data-dependent.
A few other headlines include: MetaMask parent Consensys pursuing an IPO with JPMorgan and Goldman Sachs, Mastercard set to acquire crypto startup ZeroHash for nearly $2 billion, and Blockworks shutting down its news division.
During the last 24 hours, the top three gainers were $TRUMP, $PUMP, and $ZEC, while the top three losers were $COAI, $XPL, and $H.
