Key Notes

The central bank's 10-2 vote established a new federal funds rate of 3.75%-4.00% amid limited economic data from the government shutdown.

Bitcoin experienced a sharp 2.55% decline following the announcement, with leveraged positions worth nearly $800 million liquidated across exchanges.

Market analysts interpret the dovish policy shift as beneficial for digital assets long-term despite triggering immediate price volatility.

The US Federal Reserve cut interest rates by 25 basis points on Oct. 29, while announcing it will stop shrinking its balance sheet. The decision triggered significant volatility in crypto markets, with Bitcoin BTC $110 593 24h volatility: 2.0% Market cap: $2.20 T Vol. 24h: $69.82 B dropping and traders recording hundreds of

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