Биткоин демонстрирует сдержанную реакцию на второе снижение ставки ФРС Headline: Bitcoin Shows Cautious Response to Second Rate Cut by the Fed

On October 29, the Federal Reserve System (Fed) of the United States lowered the key interest rate for the second consecutive time by 25 basis points, bringing it to a range of 3.75-4%.

«The available data indicate moderate growth in economic activity. Employment growth has slowed this year, and the unemployment rate has increased slightly, although it remained low until August; more recent data support this trend. Inflation has risen since the beginning of the year and remains somewhat elevated,» the press release stated.

The outcomes of the meeting were in line with investors’ expectations, leading to minimal market reactions. Bitcoin’s chart displayed volatility and high trading volumes, though there were no drastic changes in its price.

At the time of writing, the leading cryptocurrency is trading at around $111,500, having lost 3% over the past day.

The price of Ethereum has dropped below $4,000.

Other assets within the top 10 by market capitalization have also entered the «red zone.» TRX saw an 11% decline in 24 hours, while DOGE fell by 3.7%.

The Fear and Greed Index remains neutral at a level of 51.

In the long term, the Fed aims for an annual inflation rate of 2%.

The committee also decided to conclude the reduction of the total volume of securities (QT) starting December 1.

«[The Fed] will be prepared to adjust monetary policy as necessary in response to risks that may hinder the achievement of its goals. Evaluations take into account a wide array of information, including labor market conditions, inflationary pressures and expectations, as well as financial and international developments,» Fed representatives clarified.

During a press conference, Fed Chair Jerome Powell remarked that the U.S. economy is currently under significant influence due to the government shutdown. This has also delayed the release of several key indicators.

Powell added that the inflationary pressures are exacerbated by the trade tariffs implemented by President Donald Trump, which have led to rising prices on affected goods.

Furthermore, according to the Chair, the risks of a weakening labor market are increasing.

It is noteworthy that analyst Axel Adler — junior speculated about the possibility of a new Bitcoin rally following the Fed’s meeting.