[The Federal Reserve lowers the discount rate to 4%] The Federal Reserve Federal Open Market Committee (FOMC) issued a statement announcing that the discount rate will be lowered from 4.25% to 4%. This adjustment reflects the Federal Reserve's monetary policy stance in the current economic environment, aiming to address changes in market demand and promote economic stability.

Headed lower on Wednesday ahead of the news, bitcoin remained so in the minutes following the news at $111,700, down 3% over the past 24 hours.

[Federal Reserve Announces Adjustment to Asset Allocation Strategy After Ending Balance Sheet Reduction on December 1] The Federal Open Market Committee (FOMC) of the Federal Reserve stated in its announcement that the plan to reduce the balance sheet will officially end on December 1, 2025. At that time, the principal payments from maturing mortgage-backed securities (MBS) will be reinvested in short-term U.S. Treasury securities. Additionally, starting on the same date, all principal payments from maturing U.S. Treasury securities will be rolled over. This adjustment aims to optimize the structure of the balance sheet and further support the achievement of monetary policy objectives.

[Traders Bet on Further Fed Rate Cuts in December] On October 30, traders bet that the Federal Reserve will further cut rates in December, leading to a decline in U.S. short-term interest rate futures.

[The Federal Reserve Announces the End of Quantitative Tightening Policy on December 1] The Federal Reserve's Federal Open Market Committee (FOMC) has issued a statement, deciding to officially end the balance sheet reduction plan on December 1, 2025. Currently, the Federal Reserve is reducing $5 billion in U.S. Treasury securities (UST) and $35 billion in mortgage-backed securities (MBS) each month. This policy adjustment marks a significant shift in the Federal Reserve's monetary policy and may have profound impacts on market liquidity and asset prices.