Bitcoin Extends Losses as Powell Cautions Against Rate Cut Bets
FacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Sidhartha Shukla and Suvashree GhoshOctober 30, 2025 at 6:36 AM UTCBookmarkSave
Bitcoin continued to lose ground after hawkish remarks from Federal Reserve Chair Jerome Powell dampened expectations for another interest-rate cut this year.
The largest cryptocurrency fell as much as 3.1% to below $108,000 before trimming losses on Thursday. The retreat followed the Fed’s widely expected decision to lower its benchmark rate by a quarter percentage point to 3.75%-4% on Wednesday — its second straight reduction — while Powell cautioned investors against assuming further cuts would follow.
Source: Original