The Federal Reserve announced a 25bps rate cut and the end of the Quantitative Tightening program, but this failed to stop a selloff in crypto markets. Fed Chair Powell’s comments on another cut being uncertain caused concern. Bitcoin dropped over 2%, leading to a “sell the news” reaction from investors.

Ethereum is struggling to stay above $4,000 after the Fed’s announcement. The Digital Asset Treasury company narrative is facing challenges, with ETHZilla initiating a share buyback program to boost its equity price. However, this move could lead to a negative cycle if other companies follow suit, selling off assets to fund buybacks.

Read more at Yahoo Finance: Bitcoin and Ethereum Continue Slide, Despite End of QT and 25bps cut from Fed