US Fed Chairman not in a rush to cut interest rates... Bitcoin temporarily collapses to $88,000

Bitcoin has plummeted after Federal Reserve Chairman Jerome Powell said he was in no rush to cut interest rates.
As of 7:20 a.m. on the 15th, Bitcoin was trading at 1.180 yen on CoinMarketCap, a global coin market relay site.
It hit $87,927, down 1.68% from 24 hours ago. The $88,000 level collapsed. Bitcoin fell to $87,027 about an hour ago.
The day before, Bitcoin briefly topped $93,000, hitting a new all-time high.
Bitcoin has fallen sharply from the previous day's sharp rise. This was due to Fed Chairman Powell
On the 14th (local time) at a conference in Dallas, he said, "There is no need for central banks to rush to lower interest rates," and "Given the strength of the economy, it is not necessary for central banks to lower interest rates."
"There is no need to rush to do so and the Fed will be watching closely to ensure that certain inflation measures remain within acceptable bounds."
In fact, after his remarks, interest rate futures traded on the Chicago Mercantile Exchange (CME) were
The Fed now projects a 72% chance of cutting interest rates by 0.25 percentage point at its December FOMC meeting, down from 82% the day before.
This seems to be causing interest-sensitive Bitcoin to fall. When Bitcoin falls, most other coins fall too.
Ethereum is down 2.00% and Dozicoin is down 0.84%.