Federal Reserve Decision Triggers Crypto Market Sell-Off

Crypto markets took a significant hit following the Federal Reserve's policy decision, driven by Chairman Jerome Powell's comments on inflation risks.

Data from TradingView showed widespread selling pressure across major assets, with large-cap tokens leading the decline. Bitcoin dropped over 5%, Ethereum fell more than 6%, and XRP declined by around 5.3%.

The sell-off extended to altcoins, with only a handful of assets showing resilience, underscoring a broad risk-off move rather than isolated weakness. This highlights how closely crypto markets are tied to macroeconomic signals, particularly U.S. monetary policy.