🚨📢Nearly $1.25 billion has been liquidated from the crypto market over the past 24 hours, as the market’s nearly down 10%. 

Bitcoin dipped below $96,000, with meme coins seeing the highest loss on Thursday. 

Inflation Forecast Triggers Massive Corrections in the Crypto Market

📢According to Coinglass data, Bitcoin saw over $45 million in liquidation today, while Ethereum saw nearly $30 million. This major correction occurred after the Federal Reserve cut interest rates by 25 basis points on Wednesday.Usually, an interest rate cut is bullish for crypto, as lower rates signal a softer monetary policy. However, what impacted the market was the Fed’s 2025 projections. Jerome Powell said that the Federal Reserve is predicting higher inflation and only two interest rate cuts next year. 

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