[Fed cuts interest rates, crypto market liquidates $152 million in 12 hours] Golden Finance reported that as the Fed announced a 50 basis point rate cut, Coinglass data showed that in the last 24 hours, a total of 67,709 people were liquidated in the crypto market, with a total liquidation amount of $199 million. Among them, $152 million was liquidated in 12 hours, of which $44.0523 million was liquidated for long orders and $108 million was liquidated for short orders. At the same time, as the Fed cut interest rates by 50 basis points, the crypto market was boosted, and mainstream currencies rose generally. Among them, Bitcoin broke through $62,000, Ethereum broke through $2,400, BNB broke through $560, and SOL broke through $135.