Crypto Markets Shed $40 Billion in De-Risking Ahead of Powell’s Final FOMC Decision
BeInCrypto
Cryptocurrency markets fell by $40 billion as traders reduced risk exposure ahead of Jerome Powell’s final Federal Open Market Committee meeting.Summary
Cryptocurrency markets experienced a $40 billion decline as investors engaged in de-risking ahead of Federal Reserve Chair Jerome Powell’s final FOMC meeting. Bitcoin dropped below $76,000, and broader market capitalization slid 1.8%, reflecting typical pre-meeting volatility. Analysts noted significant exchange inflows and reduced leverage, while CME Group data indicates a 100% probability that interest rates will remain unchanged. Attention has now shifted toward Powell's final messaging and his outlook on inflation and interest rate policy.
(Source：BeInCrypto)