Crypto Markets Plunge Amid Powell's Dovish Stance

Crypto markets experienced a significant downturn following the Federal Reserve's latest policy decision, as investors reacted to a more cautious macro outlook. The sell-off was led by large-cap tokens, with Bitcoin, Ethereum, and XRP posting notable losses.

Data from TradingView's heatmap revealed widespread selling pressure across the market, underscoring a broad risk-off move rather than isolated weakness. Only a handful of assets demonstrated resilience, highlighting the impact of macro conditions on crypto prices.