Bitcoin Liquidations Surge to $56 Million Soon After Fed Meeting, What’s Happening?
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Following the US Federal Reserve meeting on Wednesday, Bitcoin faced strong selling pressure, resulting in a 3% price drop to $64,000. This rapid decline led to Bitcoin liquidations reaching over $56 million in the past 24 hours.
The financial market's reaction to the Fed's decisions seems to have significantly impacted Bitcoin prices, triggering widespread liquidations.
Bitcoin's volatility was intensified by the market response to the Fed meeting, highlighting how external factors like financial policies can influence cryptocurrency behavior.
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