Bitcoin value dropped from $93,000 to $87,805, with Ethereum dropping 8% to $3,083. Investors are waiting for Federal Reserve Chair Jerome Powell’s speech, which is expected to signal future U.S. monetary policy moves. Over $617 million in positions across all cryptocurrencies have been liquidated, with $444 million of those being long positions.
Dogecoin is down 6% and Solana’s price has dipped by over 2%. Major digital currencies and tokens have recovered significantly since Donald Trump’s Presidential election victory last week.
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