💥 Bitcoin Dips to $100K as Powell Scares Markets! 📉
Jerome Powell’s hawkish stance triggered a year-end sell-off: BTC dropped 4.5% and the S&P 500 fell 2.95%. 🔪
Key points from the Fed chair:
▪️Only 2 rate cuts in 2025 instead of 4.
▪️Inflation target of 2% pushed to 2027 (previously 2026).
▪️The Fed is legally prohibited from holding BTC on its balance sheet. 😩
The aftermath? $672M liquidations in the last 24 hours, with $574M coming from long positions. Bulls took a beating. 🐂💥
Best regards
Angelux-kk 👼