Bitcoin plummeted, more than 300,000 people were liquidated in one day! Let's take a look at the reasons

On December 19, Bitcoin once fell below the $96,000 mark, with a minimum of $95,700 per coin. As of press time, the latest price was $97,540 per coin. Bitcoin fell from a high of $108,000 per coin, falling by more than $10,000 per coin in two days.

Except for Bitcoin, the rest of the encrypted digital currencies fell sharply. Dogecoin fell by more than 11% in one day.

According to Coinglass statistics, more than 300,000 people were liquidated worldwide in the past 24 hours, with a total liquidation amount of more than $1 billion.

In terms of news, Federal Reserve Chairman Powell made it clear at a press conference after the monetary policy meeting that the Federal Reserve had no intention of participating in any government plan to hoard Bitcoin. He emphasized that such issues fall within the scope of Congress's responsibilities, and the Federal Reserve has not sought to change existing laws to allow the holding of Bitcoin. Powell's remarks immediately triggered market fluctuations, and the price of Bitcoin quickly pulled back from its high at the beginning of the week.

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in January next year is 91.4%, and the probability of a 25 basis point rate cut is 8.6%. The probability of maintaining the current interest rate unchanged by March next year is 53%, the probability of a cumulative 25 basis point rate cut is 43.4%, and the probability of a cumulative 50 basis point rate cut is 3.6%. #币安Alpha项目公布 #市场调整後的机会？ #美联储放鹰 #圣诞行情预测 #比特币战略储备 $XRP $BTC $ETH