Crypto Market Reacts to Fed Rate Hike Pause, Bitcoin Falls Below $26K

Bitcoin fell to below $25,000 as investors ignored the US central bank's expected pause in interest rate hikes. Major altcoins also fell, with Ether hitting a three-month low. The SEC's lawsuits against Binance and Coinbase, Fed monetary policy signals, and macroeconomic uncertainties have weighed on investor sentiment. However, a price pattern called "throwback" has emerged on bitcoin's daily chart that could recharge bulls' engines for a rally toward $37,000, according to Valkyrie Investments. Meanwhile, Markus Levin, co-founder of blockchain geospatial oracle system XYO Network, said bitcoin and other digital assets have "likely already hit the bottom."