Analysis: Bitcoin fell after the Fed's rate cut; a "Christmas rally" is unlikely.

Bitcoin prices fell back to $90,000 after the Federal Reserve announced a 25-basis-point interest rate cut and gave cautious guidance. The Fed hinted at only one rate cut in 2026 and announced it would purchase $40 billion in Treasury bills next month to maintain ample reserves. Analysts said Powell's comments injected "new uncertainty," leading to weak market confidence and diminishing the positive demand for ETFs. Coin Bureau co-founder Nic Puckrin stated that while the rate cut wasn't as hawkish as some had expected, the numerous dissenting voices and the Fed's decision to only cut rates once next year injected new uncertainty into risk assets, thus insufficient to trigger a Christmas rally in Bitcoin. (The Block)