Bitcoin surged higher and fell below $91,000. What did Ball say after the Fed cut interest rates by 1 yard?

Fed Chairman Powell announced a 1-yard cut in interest rates. Bitcoin once reached $94,000, and then selling pressure emerged, and bulls and shorts fought fiercely again.
(Preliminary summary: The Federal Reserve will cut interest rates by 1 yard in line with expectations! The dot plot shows that interest rates may only be cut by 1 yard in 2026. Bitcoin and Ethereum are flushing up and down, and US stocks rose during the session)
(Background supplement: The money printing press is on again! The US Federal Reserve has launched the "Reserve Management Purchase Plan", and 400 will be purchased within 30 days starting from 12/12. Billion US dollars of short-term Treasury bonds)

The U.S. Federal Open Market Committee (FOMC) ended its two-day meeting in the early morning of today (11th). As expected, Powell announced that he would cut the federal funds rate by 25 basis points (1 yard) to 3.50%–3.75%.

After the news was announced, Bitcoin once reached US$94,000, but then selling pressure emerged and BTC left a long upper shadow line. At the time of writing, it briefly fell below US$91,000 and is now trading at US$91,062.

The trends of other top ten coins are similar to Bitcoin. They all surged briefly after the news of a 1-yard rate cut came out, and then fell in reverse.

Key points of Ball's press conference speech

Federal Reserve Chairman Ball reiterated at the press conference that although inflation has fallen significantly, it is still higher than 2% target, and the recent stagnation of progress requires continued observation; although the labor market continues to cool, it is slower than expected... but the overall situation is still stable.

In general, Ball has repeatedly emphasized that the Fed is currently "in a good position to wait for more data," almost declaring that the policy recalibration phase in 2025 is nearing its end, and future actions will depend entirely on the performance of economic data, rather than a preset path.

In this regard, "Wall Street Journal" reporter Nick Timiraos, known as the "Federal Reserve's mouthpiece", also summed up the four key points of Ball's press conference in real time on the

Key takeaways from Powell's presser:

-Powell more or less declared the recalibration phase complete—they're now "well positioned to wait."

-He blamed committee divide on the unusual tension in the dual mandate and validated both sides of the debate.

-He made a surprisingly…

— Nick Timiraos (@NickTimiraos) December 10, 2025

Analyst’s interpretation: No hawkish signals were seen

Regarding Ball’s statement, analyst Anna Wong analyzed that although the dot plot shows 2026 It only cut interest rates once this year, but the overall policy statement and economic forecasts are still dovish. It significantly raised its economic growth forecast for 2025, revised its inflation path downwards, and announced the launch of a reserve management bond purchase plan.