After the FOMC announcement, the cryptocurrency market has cooled off significantly. ビットコイン has dropped to the $66,000 range, down 2.4% in 24 hours. ETH has fallen below $2,000, and SOL has declined by more than 5%.



The cause seems to be the FRB raising inflation expectations from 2.4% to 2.7%, and the rising crude oil prices appear to be pushing back expectations of rate cuts. Is this how the market reacts after an FOMC? The dot plot predicts a 25 basis point rate cut this year, but more members are now expecting zero rate cuts by 2026, indicating a shift in market sentiment.

The total market capitalization of cryptocurrencies has fallen to $2.48 trillion, with almost all of the top 100 coins in the red. XRP is down 2.7%, and Worldcoin has dropped 4.5%. Only Quant has seen a slight increase.

Leverage traders are also struggling, with over 118,000 people liquidated in the past 24 hours, totaling over $400 million. ビットコイン alone saw $145 million in liquidations, and イーサリアム $98 million. ビットコインのETF has also shifted from inflows to outflows, ending a seven-day streak of inflows. The crypto market is clearly heavily influenced by the FOMC.
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