Viewpoint: The Fed may no longer be dovish next year, encryption traders and market makers are trying to reduce risk.

Odaily Planet Daily News After the Fed's Interest Rate decision, the BTC price fell in the short term, breaking through 101,000 US dollars per coin, with a big dump of 5%. The previous day, the cryptocurrency first climbed above 108,000 US dollars, setting a record high for the year. Lower Interest Rates typically increase demand for risk assets such as cryptocurrencies. Currently, speculative bets in the entire financial market are decreasing. Zaheer Ebtikar, founder of the cryptocurrency fund Split Capital, said, "The global market expects the Fed to be less dovish by 2025. Therefore, cryptocurrency event traders and market makers are dropping risks."