Fed's Interest Rate Decision: How It Could Affect Bitcoin’s Price

[taufik123]

-snip-
If BTC will drop to $95k then I think alts can bleed now if BTC maintains this price it can certainly go above $100k and last ATH and then $110k should not be a diificult target for BTC.

Now that Bitcon has touched it and even the correction that occurred made Bitcoin touch the $93k price area,
this circumstance caused Altcoins to experience a huge decline and almost all altcoins were affected.

This is also the effect of the Fed's interest rate decision, so Bitcoin is in free fall,
but this could be a good point to start getting into bitcoin and have altcoins on discount.

Having USDT reserves will be very useful at this time,
start choosing and sorting out what altcoins will be used as an investment and Bitcoin is certainly the main investment.

[Stompix]

I thought that after yesterday's cut, cryptos would react well again and BTC would even renew ATH once more
Funny how the market doesn't react the way we expect it to

But not only cryptos, the stock market reacted bad too:

It's normal, we knew the cut was coming, and as agreed, the thing nobody expected was the fact they will stop this pace of rate cuts and make minimal adjustments, so the market that priced in more cuts in the rates now is not looking at minimal changes, so the momentum will resume only if we have hints of another one incoming, otherwise, we look at the result of previous expectations.

I didn't expect this strong correction in this period, but a slowdown

This is not a "correction", it's an effect of the real economy and Bitcoin is not immune to it, people like to call every downturn a correction to make it sound minimal, but a down turn is what it is, no matter the words.

[ZAINmalik75]

Now that Bitcon has touched it and even the correction that occurred made Bitcoin touch the $93k price area,
this circumstance caused Altcoins to experience a huge decline and almost all altcoins were affected.

This is also the effect of the Fed's interest rate decision, so Bitcoin is in free fall,
but this could be a good point to start getting into bitcoin and have altcoins on discount.

Having USDT reserves will be very useful at this time,
start choosing and sorting out what altcoins will be used as an investment and Bitcoin is certainly the main investment.

Those who still have USDT or any other stable currency must be lucky one because many has already took the entries in the first dip on 19th December and some of them are stuck in their trades since last dip of 10th December now most of us don't have funds to invest now although alts are too cheap right now.

Selling BTC to buy alts is a good option here because BTC won't give profit that alts can give us but it can be a risky trade not a financial advice although now the time is up but still we can see another dip at $115k that's also not for sure. Sadly I don't trade due to lack of funds so let's just analyze and see market pump