The Fed Decision: The Federal Reserve decided to maintain US interest rates at 5.25%-5.50%.
Bitcoin Price: Down more than 3% from US$66,500 to US$64,000.
Liquidations: Liquidations of long positions amounted to US$46.57 million out of a total liquidation of US$54.86 million in the last 24 hours.
Altcoins: Biggest decliners were SOL (-5%), XRP (-5%), ADA (-4%), and AVAX (-3%).
Liquidation Data:
Traders Liquidated: 50,720 traders with total liquidations reaching US$183.6 million (Rp2.9 trillion).
Rate Cut Signals:
Fed Chairman: Jerome Powell hints at possible interest rate cut in September.
FOMC Discussion: Real discussion about rate cuts and progress toward lowering inflation to the 2% target.
Impact on Crypto Market:
Low Interest Rates: Increases interest in assets with higher risk and returns.
High Interest Rates: Keeping investors away from crypto due to sharp price fluctuations.
Expert View:
Zach Pandi (Grayscale): Lower real interest rates tend to reduce the value of the US dollar and support Bitcoin prices.
David Lawant (FalconX): Interest rate cuts could lead to more capital flowing into the crypto space.
Disclaimer: This content is provided for general information and reference only and is not a suggestion or investment advice. Cryptocurrency trading involves risks that can result in losses or loss of funds. Please do your research thoroughly before investing.
