After the announcement of the U.S. Federal Reserve's interest rate decision today, the cryptocurrency market began to experience a plunge, with Bitcoin dangerously dropping below the $100,000 mark, and Ethereum also spiking down to $3,650. In the past 24 hours, the total liquidation amount across the network reached $702 million, affecting more than 253,000 people. (Background: Does Bitcoin have a Christmas market? Analyzing the past 10 years of BTC historical data tells you.) (Background Supplement: Slaughter! Bitcoin spikes down to $94,150, ETH plunges to $3,500, with 560,000 people liquidated for a 'historically second-worst' loss of $1.7 billion.) This morning (19th) at 3 AM, after the announcement of the U.S. Federal Reserve's interest rate decision, Bitcoin began to enter a downtrend, plunging from a high of $104,800 to a low of $100,303, with a short-term drop of up to 4.3%. As of the time of writing, it is reported at $100,900, with a near 24-hour drop of 4.84%. Ethereum spikes down to $3,650. Similarly, after the announcement of the interest rate decision, Ethereum started to fall from a high of $3,907, once spiking down to $3,650, with a short-term drop of 6.6%. As of the time of writing, it is reported at $3,681.05, with a near 24-hour drop of 6.14%. In the past 24 hours, $702 million liquidated. On the other hand, according to Coinglass data, in the past 24 hours, the total liquidation amount in the cryptocurrency network reached $702 million, with long positions liquidated amounting to $608 million, while short positions liquidated $93.57 million, affecting over 25,300 people. Related reports: 'U.S. Bitcoin Strategic Reserve' draft executive summary: Managing BTC as a permanent national asset. Bitcoin drops below $104,000; tonight's Fed interest rate cut probability exceeds 95%, but will it be paused next year? When can Bitcoin surpass gold? Galaxy Digital CEO: History will witness it in 5-8 years. 'Help! Bitcoin dangerously drops below $100,000, Ethereum spikes down to $3,650, with 250,000 people liquidated for over $700 million.' This article was first published on BlockTempo (the most influential blockchain news media).

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