Bybit’s latest Crypto Insights Report analyzes the impact of the October 2025 rate cut on global markets, highlighting a mixed reaction and lingering uncertainties. The Federal Reserve implemented its second consecutive 25-basis-point interest rate reduction, lowering it to 3.75%-4%. While equities initially rallied but later stabilized, Treasury yields reversed higher, and the dollar weakened slightly. Cryptocurrencies like Bitcoin and Ether saw short-term gains due to lower yields and a softer dollar, demonstrating a growing maturity in the market. However, institutional caution persisted due to regulatory uncertainty and limited ETF inflows. The report highlights that crypto assets are increasingly acting as high-beta macro instruments, susceptible to liquidity trends but also shaped by internal market dynamics. The report concludes that the Federal Reserve’s October decision spurred risk on, but without a clear policy trajectory for December, both traditional and digital markets remain in a holding pattern, awaiting decisive economic signals.