Bitcoin and Altcoins Are Falling – Here’s Why and the Liquidation Data

The cryptocurrency market has experienced a sharp decline in the last 24 ￰0￱ market capitalization has decreased by billions of dollars, and $1.24 billion worth of positions have been ￰1￱ long positions, in particular, suffered major losses following Jerome Powell's ￰2￱ Chair Jerome Powell cut the policy rate by 25 basis points to 4.00% at yesterday's meeting. However, instead of the dovish comments markets were expecting, Powell's hawkish tone dampened investors' risk ￰3￱ had said in December that a rate cut was not a certainty and argued that a pause in rate cuts would be ￰4￱ fell 3.86% in the last 24 hours to $107,465, while Ethereum fell 5.87% to $3,769.

In the last hour, Bitcoin price fell by 0.31% and Ethereum by 0.13%. Chart showing the decline in BTC price ￰5￱ to the data, a total of $1.24 billion worth of positions were liquidated in the last 24 hours. $1.10 billion of this consisted of long positions and $140.76 million of short ￰6￱ News: Bitcoin Critic JPMorgan CEO Changes His Mind - Reveals New Views on Cryptocurrency On an asset basis: Bitcoin: $500.76 million Ethereum: $273.43 million Solana: $88.68 million TRUMP: They were the ones that were liquidated the most, with $34.31 ￰7￱ than $148 million worth of positions were liquidated in the last hour ￰8￱ with Bitcoin, the decline in major altcoins accelerated in the last 24 hours: BNB: Down 3.46% to $1,071.

XRP: Down 7.61% to $2.45. Solana (SOL): fell 7.27% to $183. *This is not investment ￰9￱ Reading: Bitcoin and Altcoins Are Falling – Here’s Why and the Liquidation Data