Bitcoin slides 3%, falls to $90,000 despite US Fed rate cut. Is it an opportunity to buy?

The world’s two largest cryptocurrencies — Bitcoin and Ethereum — declined by up to 3% after the US Federal Reserve struck a cautious tone, pointing to rising inflation risks and weakening employment. This tempered expectations of sharp rate cuts going forward.

On Thursday, December 11, Bitcoin was trading at $90,154, while Ethereum stood at $3,193. Over the last 24 hours, Bitcoin lost 2.68% and Ethereum 3.53%.