Following the statements from the Federal Reserve, volatility in the cryptocurrency markets has significantly increased. Although Bitcoin (BTC ($89,243.00)) 
$102,002 dipped below $100,000, it managed to regain the support level at $100,500. Such fluctuations have not come as a surprise to altcoin traders, as it has long been anticipated that sudden drops could occur. The recent data released today raises questions about what this means for cryptocurrencies.
US Economic Data Released
The Fed indicated that interest rate cuts may pause due to weakening inflation and relatively strong employment. Following Powell’s remarks, markets are increasingly expecting a halt to interest rate cuts in January. Additionally, only two rate cuts are expected for the entire next year. This signals the end of monetary easing m...
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