Bitcoin Slips to $84K as Post-Fed Optimism Wanes 📉
Bitcoin experienced a pullback, dropping to $84,253.5, as optimism following the Federal Reserve's announcement waned. The Fed's decision to maintain current interest rates was expected, yet it also projected higher inflation and slower economic growth.
Policymakers anticipate a 50-basis-point rate cut by the end of the year. Nonetheless, Federal Reserve Chair Jerome Powell highlighted ongoing economic uncertainties, particularly in light of aggressive trade tariffs by President Donald Trump.
Ether ETFs, meanwhile, continued to see extended outflows amid this environment of caution among investors and market participants.
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