💥 $300 million liquidated in one hour 💥
#NewsUpdate#CryptocurrencyCollapse#BTCNextStep
The cryptocurrency market experienced a massive shockwave last night, triggered by major announcements from the Federal Reserve. Over $300 million in open orders were wiped out in just 60 minutes, sending traders into a panic. Here’s what you need to know:
Key announcements from the Federal Reserve
1️⃣ Jerome Powell's position on BTC:
The Federal Reserve has made it clear that it cannot hold Bitcoin.
Any decisions by the US government to adopt BTC rest with Congress.
2️⃣ Continued monetary tightening:
Despite the interest rate easing, the Fed remains committed to reducing public bonds and controlling the money supply.
3️⃣ Economic optimism for 2025:
Powell expects strong economic growth in 2025.
He stressed that the United States had succeeded in avoiding recession.
Market reaction
Altcoins Bleed: Major altcoins suffered double-digit losses as negative sentiment took over the market.
BTC Resilience?: While Bitcoin has seen a decline, its fundamentals remain strong with a potential recovery on the horizon.
Why is this important?
Despite the market turmoil, Powell’s optimistic outlook for 2025, coupled with potential policy shifts (including Trump’s support for Bitcoin), could spark a crypto rally. 🚀
For investors with a long-term view, this could be a period of opportunity. The key is to stay informed and prepared as the cryptocurrency landscape evolves.
🔍 Pro Tip: Avoid panic selling and watch for strong support levels for strategic re-entry. Markets often recover when you least expect it.
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