Bitcoin Dips to $95,000 After Fed Cuts Rates by 25 Basis Points, Triggers $1.2 Billion Crypto Liquidations

Bitcoin experienced a significant price drop, falling below $100,000 and reaching a low of $95,000, following a hawkish rate outlook from the Federal Reserve.

The Fed's decision to cut rates by 25 basis points and project only two rate cuts for 2025, down from four previously expected, contributed to the decline.

This led to a broader market sell-off, with over $1.2 billion in liquidations across the crypto market, including Ethereum and other major cryptocurrencies.

Despite the downturn, Bitwise CIO Matt Hougan remains optimistic, suggesting that the current dip is a temporary 'hiccup' within a continuing bull market trend, driven by institutional adoption and favorable technical indicators.

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