Fed Announcement Triggers Market Correction, Crypto Sell-Off

The Federal Reserve's recent announcement has sparked a market correction, as investors adjust their expectations following a shift in the central bank's stance on inflation.

According to market analysts, the surprise revision to the Fed's inflation forecast from 2.4% to 2.7% by 2026 caught many traders off guard and contributed to the sell-off across major cryptocurrencies.

The price movement of Bitcoin and other digital assets mirrored the performance of high-growth equities, such as the Nasdaq, which also ended the session with a loss.