Cryptocurrencies fall en masse despite interest rate cut announcement... Bitcoin falls to the $91,000 range

The cryptocurrency market has fallen after the US Federal Reserve (Fed) cut interest rates by 0.25% but indicated that the pace of interest rate cuts next year may slow.
As of 9:50 a.m. on the 11th, according to CoinMarketCap, Bitcoin was down 1.32% from 24 hours earlier, at $91,227 (approximately 14.19 million yen).
Ethereum rose 1.43% to $3,270, while Ripple fell 3.14% to $2.03 and Binance Coin fell 1.17% to $886.
The decline comes as the Fed's interest rate outlook for next year is more hawkish than market expectations, despite the rate cut.
The dot plot showing the Fed's interest rate forecast shows a 0.25% increase in 2026 and another 0.25% increase in 2027.
The rate cut is expected to be at the same level as the forecast made in September last year. However, this was seen as a more cautious stance compared to the market's expectation of a 0.5% rate cut next year.
As a result of this, the cryptocurrency market temporarily fell, with Bitcoin falling by more than 1%. However, at the press conference after the FOMC meeting, Chairman Powell said, "We are not expecting an interest rate hike next year."
The market has narrowed its decline following his statement that ``there is no risk.''