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Market bloodbath today. Over $140 billion vanished from crypto valuations in a matter of hours.
The carnage? It kicked off precisely when the Fed Chair wrapped his FOMC address. Classic "sell-the-news" behavior playing out in real-time.
But here's the million-dollar question: Is this capitulation the setup for a year-end surge? Some traders are betting on a Santa bounce after this shakeout. Others see more pain ahead.
The Powell effect remains undefeated. Every word from that podium moves billions.