Following the Federal Reserve's hawkish stance in the September 2023 Federal Open Market Committee (FOMC), the US financial markets experienced a downturn. The Dow Jones Industrial Average (DJIA) fell 0.4%, the S&P 500 Index dropped around 0.9%, and the Nasdaq Composite Index suffered a 1% plunge, while Bitcoin experienced a 2% correction. Despite this, top crypto analysts predict that Bitcoin could recover into a bullish phase at any point, with the ideal downside risk currently around $25,500. However, US Federal Reserve Chair Jerome Powell's remarks that another rate hike is likely have caused negative market reactions.

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