Bitcoin ( $BTC ) is making waves with $75 million in liquidations after a 2.9% price jump, currently trading around $62,000. Ethereum ( $ETH ) follows closely with over $35 million liquidated as prices exceed $2,400.
The recent Fed rate cut has sparked positive market momentum, contributing to a 3% rise in the global crypto market cap, now at $2.25 trillion. Over 66,000 traders have faced liquidations in just 24 hours, signaling heightened volatility and FOMO.
