#美联储联邦公开市场委员会决议 On December 10th, after the Federal Reserve announced a 25 basis point rate cut, the crypto market started to fluctuate. Bitcoin was still around $92,900, but suddenly surged to $94,500, then quickly turned downward. By around 9:37 AM, it had fallen to $90,877, a decline of 1.23%. Other cryptocurrencies weren’t doing much better—Ethereum dropped 0.84%, SOL broke below 3%, and Dogecoin was even more exaggerated, falling over 4% in one go.

Looking at this wave of market moves, you can understand why everyone considers cryptocurrencies as a barometer of risk appetite. When central banks release policy signals, the market immediately reacts. This kind of quick rise followed by sharp decline is basically the market digesting uncertainty—some see it as optimistic, others want to withdraw quickly, resulting in this rollercoaster market.