Crypto Liquidation Surge: Fed Rate Cut Triggers $817M Wipeout Across Markets

The crypto market took a sharp hit this week, with Bitcoin sliding to $108,000 before recovering slightly above $110,000. The sudden drop wiped out more than $817 million in leveraged positions across major exchanges. Many traders had hoped the market would rally after the Federal Reserve’s 25-basis-point rate cut, but that optimism faded quickly when … source: https://coinpedia.org/news/crypto-liquidation-surge-fed-rate-cut-triggers-817m-wipeout-across-markets/