Analysis: Bitcoin fell after the Fed's rate cut; a "Christmas rally" is unlikely.

Odaily Planet Daily reports that Bitcoin prices fell back to $90,000 after the Federal Reserve announced a 25-basis-point interest rate cut and gave cautious guidance. The Fed hinted at only one rate cut in 2026 and announced it would purchase $40 billion in Treasury bills next month to maintain ample reserves. Analysts said Powell's comments injected "new uncertainty," leading to weak market confidence and diminishing the positive demand for ETFs. (The Block)