Cryptos fall after Fed's interest rate cut

Major cryptocurrencies traded with losses on Thursday in the aftermath of the United States Federal Reserve's latest monetary policy decision. The Fed cut rates by 25 basis points, as was largely expected by the markets. However, Fed Chair Jerome Powell noted "significant downside risks" to the labor market and warned that tariffs are likely to push inflation up next year.
Bitcoin dropped 2.06% to go for $90000 , while Ethereum declined by 3.74% and went for $3,200