Quote from: Ambatman on Today at 08:42:28 PM

https://breakingthenews.net/Article/Powell-says-Fed-won't-seek-to-change-Bitcoin-law/63255593#:~:text=United%20States%20Federal%20Reserve%20Chair,seeking%20to%20change%20the%20law.

So Banks aren't allowed to own Bitcoin as reserve and ain't planning on changing that - Powell.
I guess hence the dip

Not to mention many already been sure of a cut, so knowing it was a close call and there may be pause on cut made many react negatively to the news.
Everything should be back in order soon.

Powell said, ‘We’re not allowed to own Bitcoin. The Federal Reserve says what we can own and we’re not looking for a law change. That’s the kind of thing for Congress to consider but we are not looking for a law change at the Fed.’

So what he actually means is that under the current administration, there is no law that allows the Government/Federal Reserve to own Bitcoin. Obviously that could and possibly will change under a much more cryptocurrency Trump administration.

But don’t let that stop lettuce hands from selling their Bitcoin. Some people are such losers and don’t deserve what is coming next year.

Nothing to see here, just a flush out of weak hands and over leveraged longs.