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Affected by the uncertain impact of the Fed rate cut expectations, the crypto market is seeking support to the downside.

By: theblockbeats.news|2025/10/29 23:45:54

BlockBeats News, October 30th. Last night, after the FOMC meeting, Powell's hawkish speech indicated significant uncertainty about a rate cut in December. Influenced by this news, the crypto market chose to fall and seek support.

According to HTX market data, Bitcoin briefly fell below the $110,000 mark this morning, currently trading at $110,370, with a 24-hour decline of 1.02%;

Ethereum briefly dropped to $3,820, now trading at $3,910, with a 24-hour decline of 1.04%;

SOL briefly fell below $190, currently priced at $194.7, with a 24-hour decline of 0.99%.

Fed's Bullhorn: FOMC Not Fully Endorsing Market's Pricing of Rate Cut in December

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