Bitcoin has experienced a significant price decline following the latest US Federal Reserve rate cut announcement. While the market saw initial optimism, traders are now exhibiting caution as post-FOMC volatility unfolds. Analysts attribute this dip to profit-taking in line with recent gains and increased expectations for further market correction. 25 bps rate cut was anticipated, but Powell’s conditional approach and comments about potential future cuts have spooked investors and triggered selling pressure in risk-on assets like Bitcoin. The crypto market typically experiences volatility post-FOMC events, a trend seen as a catalyst for the latest price drop. Some analysts believe this dip will likely be followed by a further correction to around $80k. 24-hour trading volume soared 6%, with BTC price falling to as low as $108k. The market was already betting on a potential pullback, and Powell’s comments added more weight to this sentiment. This latest dip comes amidst dwindling institutional interest in Bitcoin. A recent $470 million outflow from US Spot Bitcoin ETFs signals decreased investor participation. Experts are calling for cautious investment strategies as volatility in the crypto market continues to pose challenges. A potential crash to the $76k level has been flagged by some analysts, with a need to break through resistance at $117k to unlock further gains. However, if BTC fails to overcome this significant hurdle, investors should expect a continued decline.