Crypto Market Dips: The Reasons Behind Bitcoin Plunge Below $90,000 Despite FOMC Optimism

On Thursday, Bitcoin (BTC) once again fell below the critical $90,000 mark, even after what many had anticipated to be a bullish event stemming from the US Federal Reserve’s (Fed) decision to cut rates by a quarter point. Analysts from Bull Theory note several factors contributing to this unexpected downturn.
Bitcoin Sell-Off Amid Market Unease
The analysts pointed out that the rate cut itself was largely anticipated by investors weeks prior, with a 95% probability already priced into the