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The Federal Reserve (Fed) caused serious volatility in Bitcoin 
$ and the cryptocurrency market with its announcement of a 25 basis point rate cut on Wednesday. Following this announcement, the price of Bitcoin fell below the critical support level of 100,000 dollars. The selling pressure stemmed from the market’s reaction to the Fed’s anticipated limited rate cuts for 2025 and beyond.
Crypto Market Sees $860 Million Liquidation
The decline in Bitcoin triggered losses of up to 10% in altcoins such as Ethereum (ETH) 
$, Dogecoin 
$ (DOGE), XRP, and Solana
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