The Fed lowered interest rates yesterday. by 25 bp. More important, however, is what Jerome Powell said: the central bank will end quantitative tightening on December 1. So is there growth ahead?
The bitcoin price reacts to the Fed’s actions
Bitcoin’s price dropped slightly after the Fed’s announcement. It is currently struggling to break above $110,000.
Ether has also dropped in value, but we are currently seeing an attempt to return to higher levels. Currently, 1 ETH costs USD 3,912.
The next Fed meeting will be held in December and, according to the Fed Watch Tool, it will again end with a 25 bp cut in rates, although the market’s confidence in this decreased slightly after the words of Jerome Powell, who said that another cut is not certain (he could not give a different answer, because he does not know what will change in the economy in 41 days).
The most important thing is that the Fed will no longer continue quantitative tightening from December 1. This does not mean the beginning of quantitative easing (additional printing), but it should still translate into increases and, as I predict, an extension of the bull market.
Positive news from the Fed office was combined with news from Donald Trump’s meeting with Xi Jinping. The US president announced on Thursday that he would reduce tariffs on goods from China by 10 percentage points. The Middle Kingdom will not introduce the announced restrictions on the export of rare earth metals for a year. Additionally, both powers are to cooperate on ending the war in Ukraine. This is more bullish news.
Solana’s ETF – an opportunity for altcoins
All this is also combined with the launch of the Solany ETF. Ryan Lee, Bitget’s Chief Analyst, summed up for us what it means for the alt market:
The SEC’s approval of the Bitwise Solana Staking ETF (BSOL) marks a landmark moment. It could be as important to Solana as spot ETFs are to Bitcoin and Ethereum. Bitcoin ETFs have already attracted more than $50 billion since launch, and Ethereum products have exceeded $23 billion. Solana could now attract $3 billion to $6 billion in its first year. With 5% staking yields and a fast network, Solana’s inclusion in a regulated ETF confirms its importance as a serious asset for institutional portfolios.
Beyond Solana itself, the move signals broader acceptance of altcoins within regulatory-compliant yield-generating structures, driving new capital into DeFi, real asset tokenization, and multi-asset ETF products that diversify exposure beyond dollar-pegged assets. While there are still risks from network failures or regulatory scrutiny, the opportunities for tokenized innovation and multi-asset ETFs are enormous, positioning Asia-Pacific hubs such as Japan to become leaders in global cryptocurrency integration and unlock trillions of dollars in blockchain value by 2030.
