According to @KobeissiLetter, US stock market futures extended a three-day slide to -2% after Fed Chair Jerome Powell pushed back on rate-cut expectations; source: The Kobeissi Letter on X, Sep 25, 2025. For crypto traders, rising equity-crypto correlation since 2020 makes equity risk sentiment relevant to BTC and ETH monitoring during Fed-sensitive sessions; source: International Monetary Fund, Crypto Prices Move More in Sync With Equities, Jan 2022.