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Affected by the uncertainty of the Fed's interest rate cut expectations, the crypto market is seeking support downwards.
On October 30, after Powell's hawkish speech following the FOMC meeting last night, he indicated that there is considerable uncertainty regarding a rate cut in December. Affected by this news, the crypto market chose to fall in search of support. According to CEX market information, Bitcoin briefly fell below the 110,000 USD mark this morning, currently quoted at 110,370 USD, with a 24-hour decline of 1.02%; Ethereum briefly dropped to 3,820 USD, currently quoted at 3,910 USD, with a 24-hour decline of 1.04%; SOL briefly fell below 190 USD, currently quoted at 194.7 USD, with a 24-hour decline of 0.99%.