Bitcoin Crashes After Fed Rate Cut as Traders Fall for ‘Buy the Rumor, Sell the News’ Trap
The Federal Reserve’s broadly anticipated 0.25% fee reduce on Wednesday triggered a wave of volatility throughout each conventional and crypto markets. Powell’s cautious phrases spooked crypto markets as Bitcoin briefly dipped beneath $108,000 in a basic “purchase the rumor, promote the information” situation. But historic patterns level to rebounds after such crowd capitulation. Crypto Turns…
