The Federal Open Market Committee (FOMC) has announced a 25 basis point reduction in the federal funds target range, now set at 3.75%-4.00%. This decision is part of efforts to address ongoing economic uncertainties and is expected to impact global financial markets, including cryptocurrencies. The rate cut is anticipated to increase U.S. dollar liquidity, which could benefit risk assets such as Bitcoin and Ethereum. Analysts predict this move might trigger short-term rallies in the crypto market amid prevailing economic uncertainty. Additionally, the decision may influence institutional demand and affect yield-bearing DeFi protocols.