$BTC Crypto enthusiasts did not express enthusiasm for the Fed's decision, although it theoretically encourages increased risk appetite. The thing is, Powell did not announce anything extraordinary. The 25 basis point rate cut fully aligned with the consensus forecast. However, the Fed chair's speech itself did not particularly inspire crypto investors. Powell stated that there is complete uncertainty in the economy. Statistical data for October and half of November has not yet been collected due to the shutdown that affected U.S. government agencies. Additionally, concerns remain regarding President Donald Trump's import tariffs policy.
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$BTC Crypto enthusiasts did not express enthusiasm for the Fed's decision, although it theoretically encourages increased risk appetite. The thing is, Powell did not announce anything extraordinary. The 25 basis point rate cut fully aligned with the consensus forecast. However, the Fed chair's speech itself did not particularly inspire crypto investors. Powell stated that there is complete uncertainty in the economy. Statistical data for October and half of November has not yet been collected due to the shutdown that affected U.S. government agencies. Additionally, concerns remain regarding President Donald Trump's import tariffs policy.