# FedRatePumpsOrDumps

1. Big picture – what’s happening right now?
Market
Total crypto market cap ≈ $3.15T, down ~3% in 24h; BTC dominance ~57%.
BTC is trading around $89–90k after dropping from ~92k earlier today – sharp intraday volatility.
Fear & Greed Index is 29 = “Fear” (slightly better than the last)
2. Fed decision & impact on crypto
What the Fed just did
Yesterday (Dec 10) the Fed cut rates by 0.25%, its third cut this year, and signaled:
Policy is now likely on pause
They only see one more cut in 2026.
So: they did ease, but the message was “slow and careful”, not “big pivot”.
Crypto’s reaction
BTC an