Crypto Market Dips 10% After $1 Billion Liquidation Following Fed’s Rate Cut ⚠️
Hey WWV fam!
The crypto market faced a significant correction, dropping nearly 10% as over $1.25 billion in positions were liquidated within 24 hours.
Bitcoin fell below $96,000, while meme coins suffered the largest losses.
This sell-off came after the Federal Reserve cut interest rates by 25 basis points but projected higher inflation and minimal rate cuts in 2025.
While typically bullish for crypto, these projections spooked the market. Bitcoin saw $45M in liquidations, with Ethereum at $30M.
Despite the dip, analysts suggest this is a short-term correction.
Bitcoin is still up 130% this year, and its supply shortage indicates long-term bullish potential.
Companies like MicroStrategy and MARA are adding to their BTC holdings, showing confidence.
As Bitcoin’s dominance declines, altcoin opportunities could arise.
Stay informed—markets are cyclical, and opportunities always follow correction.
Mr.WealthWave