{"content":"Crypto Hits Pause ⚖️ — Fed Chair’s Comments Cool Market Momentum Bitcoin fell below $111,000 and Ethereum stayed under $4,000 following the Fed announcement on Wednesday. The Fed cut rates 25 bps in October to maintain monetary easing. After Powell hinted that a third rate drop in December is unlikely, the market is wary. After the Fed showed cautious mood while delivering a widely expected 25 basis points (bps) rate drop at its October meeting, Bitcoin (BTC) fell from $115,000 to $110,000 on Wednesday. Ethereum (ETH) dipped below $4,000, hitting $3,900 before recovering at $3,850, while XRP plummeted under $2.5. Coinglass data shows that long liquidations dominated at $454.8 million over the previous 24 hours, causing more than $589 million in crypto liquidations. Bitcoin longs lost $190.7 million, the most. Ethereum long liquidations totaled $126.4 million. The greatest liquidation was a $11 million Bybit BTCUSD stake. Investors worry about Powell's comments. At its October meeting, the Fed cut rates 25 bps to 3.75%-4%. Although the market expected the outcome, Fed Chair Jerome Powell surprised investors by hinting that the agency may take a wait-and-see strategy in its next meeting. "A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it," Powell. Due to the US government shutdown, the agency may not have enough economic data to continue its present route. Powell also noted policymakers' diverse views on the next move. "Today's cut is supportive, but the shutdown's data blackout makes Fed moves unpredictable, which markets hate most," RedStone co-founder Marcin Kazmierczak told FXStreet. "This uncertainty likely means Bitcoin and broader crypto volatility through year-end," he said. At publishing, the crypto market is down 1% in 24 hours. #MarketPullback #WriteToEarnUpgrade #BTC #BTCReserveStrategy #Fed $BTC ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/30/447632a8e8e34eb5aee88154cb657acd.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}