Affected by the uncertain impact of the Fed rate cut expectations, the crypto market is seeking support to the downside.

BlockBeats News, October 30th. Last night, after the FOMC meeting, Powell’s hawkish speech indicated significant uncertainty about a rate cut in December. Influenced by this news, the crypto market chose to fall and seek support.

According to HTX market data, Bitcoin briefly fell below the $110,000 mark this morning, currently trading at $110,370, with a 24-hour decline of 1.02%;

Ethereum briefly dropped to $3,820, now trading at $3,910, with a 24-hour decline of 1.04%;

SOL briefly fell below $190, currently priced at $194.7, with a 24-hour decline of 0.99%.