Article Summary

**Cryptocurrency Market Experiences Sharp Decline Following Federal Reserve Rate Decision** The cryptocurrency market is facing significant turbulence today as Bitcoin price plummeted to $111,000, representing a substantial drop from this week's peak of $116,500. This dramatic price movement has contributed to the overall crypto market capitalization declining to $3.76 trillion, signaling widespread selling pressure across digital assets. The market crash coincides with the Federal Reserve's latest rate cut announcement on October 29, creating uncertainty among cryptocurrency investors and traders. Bitcoin's $5,500 decline highlights the continued correlation between traditional monetary policy and blockchain-based assets, demonstrating how macroeconomic factors influence DeFi and cryptocurrency valuations. This cryptocurrency market volatility affects major altcoins and the broader digital asset ecosystem, with traders closely monitoring Bitcoin's price action as a market indicator. The sharp decline raises questions about crypto market resilience amid changing Federal Reserve policies and their impact on risk assets. Investors in blockchain technology and digital currencies are reassessing their positions as the market processes the implications of monetary policy shifts on cryptocurrency adoption and institutional investment flows.