What will happen if the Bitcoin price does not move due to the FOMC rate cut?

Everyone wanted a crypto moonshot. For deep green OG Bitcoin holders, the FOMC event probably wasn’t that important. But all the smart degenerates who bought the top, Jerome Powell, and the Federal Reserve were their only savior. Expectations were high before Bitcoin’s price rose, but when Murphy’s Law kicked in, the world’s most valuable cryptocurrency crashed, dropping -5% to below $110,000.

Bitcoin prices, and cryptocurrencies in general, have yet to recover from yesterday’s crickets. Hopes have been dashed, the BTC USDT price is lower than this week’s opening price, and the only way to recover is for the $110,000 level to hold by the end of the day.

Until then, traders should closely monitor price trends. As of October 30th, Bitcoin’s dominance is still above the +59% level. Bitcoin’s dominance could rise if the cryptocurrency price fails to maintain the high expectations of late buyers. Meanwhile, the market capitalization of cryptocurrencies decreased by nearly -2% to over $3.8 trillion.

(sauce: coin gecko)

Discover: Best new cryptocurrencies to invest in 2025

Jerome Powell and FOMC cut interest rates as expected

The probability of a rate cut yesterday was almost +100%. Everyone expected the FOMC and central banks to ease for the second time this year. And Powell and the team did not disappoint.

Despite the government shutdown, the central bank cut interest rates to the expected range of +3.75% and +4%, taking them a notch lower and allowing more money to circulate.

Overall, the FOMC, which is tasked with adjusting monetary policy and controlling inflation while monitoring labor market conditions, aims to support employment, which has unfortunately been depressed in recent months.

A decision to cut interest rates will be taken if inflation remains “moderately high” above the ideal +2% threshold.

Discover: Best meme coin ICOs to invest in 2025

what happened? Why did the Bitcoin price fall?

However, here’s the worst punch.

The rate cut was in line with general market expectations, and BTC USDT prices were the first to rise, but that was before Powell’s pressure.

That’s when all hell broke loose.

At the press conference, Jerome said the FOMC relies on data, as always, but that another rate cut in December was not a “foregone conclusion.”

The decision came after FOMC members were divided, with two opposing views in opposite directions. The Fed chair also added that the central bank will be monitoring changes in the labor market “very closely.” Nevertheless, even if there is a change for the better, they are in no hurry to cut rates even if inflation picks up again.

This statement was hawkish and had negative implications for risk assets, primarily crypto assets (which includes everything). 100X coins.

This surprised all analysts and traders, as before this meeting, the probability of a December rate cut was over +90%. It has since fallen below +75% and could fall further.

(sauce: CME)

The question here is: what drives the price of Bitcoin?

how Cryptocurrency and its parts Top Solana Meme Coins perform in the next few days Depends on fundamental factors.

Yes, interest rates are low, but more easily Money may find its way into cryptocurrencies, but the stability of multiple transactions between China and the US will play a role.

Additionally, institutional investor flows through spot ETFs will determine how quickly Bitcoin prices soar above the current key resistance levels of $115,000 and $120,000.

Discover: 15+ Coinbase listings to watch in 2025