After the Federal Reserve signaled fewer rate cuts than expected, the U.S. stock market experienced a significant drop, causing Bitcoin's price to fall below $93,000.
Jim Cramer, host of Mad Money on CNBC, advised investors to buy the fear instead of selling it, which many link to the sharp decline in Bitcoin's price.
The recent setback in the crypto market was triggered by the Federal Reserve's interest rate cut and projections of higher inflation and unemployment for 2025.
Despite cryptocurrencies being promoted as alternatives to traditional finance, they react negatively to rising interest rates, historically leading to lower valuations.