Crypto Market Tumbles Following Fed’s Rate Cut, Over $850 Million Liquidated
The crypto market witnessed a significant downturn, erasing over $850 million due to liquidations. This event followed the Federal Reserve’s announcement of a 25 basis point reduction in its benchmark policy rate. Although the markets anticipated a modest rate cut, Federal Reserve Chair Jerome Powell’s indications of a conservative approach to future rate adjustments in 2025 spurred market...
