[Fed's rate cut difficult to save the market! Powell's "dovish then hawkish" speech scares the market, Bitcoin plummets at one point, Ethereum drops simultaneously]

The Federal Reserve (Fed) announced on Thursday that it would lower interest rates by 1 basis point (0.25%) again. The market initially expected this move to boost liquidity; however, Fed Chairman Jerome Powell's "dovish to hawkish" remarks after the meeting instantly dampened market optimism.
After the news was announced, the cryptocurrency market quickly faced strong selling pressure. Bitcoin (BTC) briefly fell below the 107,000 USD level, hitting a low of 106,308 USD; Ethereum (ETH) also plunged simultaneously, reaching a low of 3,679 USD, as panic swept through the market.
However, since last night (31), the market has begun to show signs of warming up. Bitcoin has strongly rebounded, once returning to above 111,000 USD, but subsequently faced profit-taking pressure again, reporting at 109,815 USD before the deadline; Ethereum's trend is also similar, briefly breaking through 3,900 USD last night, but ultimately fell back for consolidation.
Market analysis indicates that investors are currently in a wait-and-see mode, still uncertain about whether the "interest rate cut cycle has really begun." Short-term volatility has intensified, but if the liquidity environment improves in the future, it may still bring opportunities for a new round of market trends.
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