BiyaPay Analyst: Trump Criticizes Fed's Rate Cut as Too Small, Should Be Doubled at Least, Bitcoin to Drop Below $90,000

BlockBeats News, December 11th. The Federal Reserve announced another 25 basis points rate cut, bringing the interest rate range to 3.50%-3.75%, marking the third rate cut this year. After the announcement, the crypto market experienced ups and downs, with Bitcoin briefly surging to $94,500 and then quickly falling back below $90,000. Trump criticized the rate cut as "too small, should be at least doubled," and continued to hint at possibly replacing the Fed Chair. BiyaPay analysts stated that this rate cut did not change the market's uncertain expectations for future economy and inflation, leading to increased macro disagreements and a potential further increase in coin price volatility in the short term. When using USDT on BiyaPay for US stock, Hong Kong stock futures, and digital asset trading, it is recommended to properly control leverage and position to avoid emotionally chasing gains and losses.