The post Bitcoin, Ethereum Tumble After Fed Cuts Rates, but Powell Says Another ‘Not a Forgone Conclusion’ appeared on BitcoinEthereumNews.com.

In brief The CME FedWatch Tool, which uses futures trading data to infer trader sentiment, predicted a near-certain rate cut. The Conference Board’s Expectations Index, a measure of economic sentiment, remained below the threshold that typically signals a coming recession.  Bitcoin has lingered well below the all-time high it set earlier this month. The U.S. central bank slashed the interest rate 0.25% on Wednesday, a widely expected move that left crypto markets largely unimpressed, although prices subsequently tumbled when Federal Reserve Chair Jerome Powell said that a December rate cut was “not a foregone conclusion.” Bitcoin was trading at about $110,700, down 1.3% over the past hour. The largest cryptocurrency by market capitalization has sagged more than 10% after dropping below $105,000 earlier this month. Ethereum, the second-largest digital asset by market value, was changing hands at about $3,890, a 2.7% decline gain over the same period. On Tuesday, the CME FedWatch Tool, which uses futures trading data to infer trader sentiment, predicted a more than 99% probability of the latest rate cut and over 90% chance of a 0.25% reduction in December.  “Today’s decision to drop the federal funds rate another 25 basis points was highly anticipated,” Gerry O’Shea, head of global market insights at crypto asset manager Hashdex, wrote to Decrypt. “Bitcoin and many other digital assets responded negatively as Chair Powell commented after the meeting that an additional rate cut this year is not inevitable.” O’Shea added that other factors, including “the government shutdown, tariff policies, and earnings reports from a number of large tech companies may have more of an effect on prices this week.” Central bankers dropped the rate that banks charge each other for overnight lending of reserves held at the Fed to a range between 3.75% and 4%, after jobs data and other…

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Filed under: News - @ October 30, 2025 7:28 am