The post Bitcoin Price Steadies Above $90,000 as Markets React to Fed Rate Cut: What’s Next? appeared on BitcoinEthereumNews.com. Bitcoin price has managed to maintain above $90,000 on Thursday, following a bearish market trend triggered by the Federal Reserve’s recent interest rate cut.  The total crypto market has reported a 3% decrease in the last 24 hours. This decline follows as traders respond to the third rate drop of the year by the Fed, and huge liquidations by big crypto holders. Fed Rate Cut Impact on Crypto Markets The Fed had been expected to be much more dovish, which resulted in a profit-taking phase after Bitcoin briefly surged to $92,000. Other cryptocurrency markets, including Ethereum, Solana, XRP, ADA, and DOGE, have also been trading in a downtrend after a slight sell-off. Consequently, the aggregate market capitalization of crypto has declined to 3.07 trillion, as compared to $3.22 trillion. The issues regarding the direction of Fed monetary policy have escalated after some of the officials dissent on the same. Also, the news that the Fed would purchase up to 40 billion of treasury bills in the next 30 days has increased more uncertainties. There will be no immediate rate cuts; therefore, the next meeting of FOMC is in January 2026. Bitcoin Price Faces Resistance, Key Support Levels Ahead The recent market analysts point out that the attempts of Bitcoin price to break beyond the range of $93,000 to $94,000 have not been successful. Such failure has resulted in more focus on the subsequent levels of important support. The $88,000 to $89,000 bracket that is likely to retest in the near future is notably so. $BTC tried to reclaim the $93,000-$94,000 level but failed. The next major support zone is around the $88,000-$89,000 level, which will most likely get retested. If Bitcoin holds this level, another rally could happen. Otherwise, BTC will drop towards the $85,000 level again. pic.twitter.com/U4r2GzFXX8 — Ted… The post Bitcoin Price Steadies Above $90,000 as Markets React to Fed Rate Cut: What’s Next? appeared on BitcoinEthereumNews.com. Bitcoin price has managed to maintain above $90,000 on Thursday, following a bearish market trend triggered by the Federal Reserve’s recent interest rate cut.  The total crypto market has reported a 3% decrease in the last 24 hours. This decline follows as traders respond to the third rate drop of the year by the Fed, and huge liquidations by big crypto holders. Fed Rate Cut Impact on Crypto Markets The Fed had been expected to be much more dovish, which resulted in a profit-taking phase after Bitcoin briefly surged to $92,000. Other cryptocurrency markets, including Ethereum, Solana, XRP, ADA, and DOGE, have also been trading in a downtrend after a slight sell-off. Consequently, the aggregate market capitalization of crypto has declined to 3.07 trillion, as compared to $3.22 trillion. The issues regarding the direction of Fed monetary policy have escalated after some of the officials dissent on the same. Also, the news that the Fed would purchase up to 40 billion of treasury bills in the next 30 days has increased more uncertainties. There will be no immediate rate cuts; therefore, the next meeting of FOMC is in January 2026. Bitcoin Price Faces Resistance, Key Support Levels Ahead The recent market analysts point out that the attempts of Bitcoin price to break beyond the range of $93,000 to $94,000 have not been successful. Such failure has resulted in more focus on the subsequent levels of important support. The $88,000 to $89,000 bracket that is likely to retest in the near future is notably so. $BTC tried to reclaim the $93,000-$94,000 level but failed. The next major support zone is around the $88,000-$89,000 level, which will most likely get retested. If Bitcoin holds this level, another rally could happen. Otherwise, BTC will drop towards the $85,000 level again. pic.twitter.com/U4r2GzFXX8 — Ted…