Bitcoin falls below $100,000, Ethereum spikes to $3,650, 250,000 people liquidated over $700 million

After the announcement of the U.S. Federal Reserve's interest rate decision today, the crypto market began to experience a plunge, with Bitcoin plummeting dangerously close to the $100,000 mark, and Ethereum also spiking to $3,650. The total amount of liquidations across the network in nearly 24 hours reached $702 million, with more than 253,000 people liquidated.

(Background: Does Bitcoin have a Christmas rally? Analyzing the historical data of BTC over the past 10 years tells you) (Additional context: Massacre! Bitcoin spikes to $94,150, ETH drops to $3,500, 560,000 people liquidated $1.7 billion, marking the second worst in history) At 3 AM today (19th), after the announcement of the U.S. Federal Reserve's interest rate decision, Bitcoin began to enter a downward trend. BTC plummeted from a high of $104,800 to a low of $100,303, with a short-term drop of up to 4.3%. As of the time of writing, it is reported at $100,900, with a nearly 24-hour drop of 4.84%.

Ethereum's spike to $3,650 similarly occurred after the interest rate decision was announced, dropping from a high of $3,907 to a spike at $3,650, with a short-term drop of 6.6%. As of the time of writing, it is reported at $3,681.05, with a nearly 24-hour drop of 6.14%. In the past 24 hours, liquidations reached $702 million.

On the other hand, according to Coinglass data, in the past 24 hours, the total liquidation amount in the cryptocurrency network reached $702 million, with long positions liquidated at $608 million being the majority, and short positions liquidated at $93.57 million, with over 25,300 people liquidated. Related reports: 'U.S. Bitcoin Strategic Reserve' executive draft full text: Manage BTC as a permanent national asset. Bitcoin falls below $104,000'> Tonight, the Federal Reserve's rate cut probability exceeds 95%, but will it be paused next year? When can Bitcoin surpass gold?