Story perspectives
Bitcoin Drops 3.1% Amid Fed Chair's Hawkish Remarks
10/30/2025
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Story summary
- Bitcoin prices fell 3.1% after Federal Reserve Chair Jerome Powell's hawkish comments, dampening hopes for further rate cuts.
- The decline followed the Fed's decision to lower its benchmark rate to 3.75%-4%, marking the second consecutive reduction.
- Powell emphasized that another rate cut in December is uncertain, contributing to a sell-off in stocks and other risk assets, including Bitcoin.
