Fed Rate Cut Triggers Crypto Market Surge, $108 Million in Short Positions Liquidated in 12 Hours
Article is form Jinse
September 19, 2024
This article is translated by ChatGPT Show original
According to Golden Finance, in the last 24 hours, 67,709 people have been liquidated in the crypto market following the Federal Reserve's announcement of a 50 basis point rate cut. The total liquidated amount reached $199 million.
Out of this, $152 million was liquidated in the last 12 hours, with $44,052,300 in long positions and $108 million in short positions. (Data from Coinglass)
Meanwhile, major cryptocurrencies have seen gains:
- Bitcoin has broken through $62,000.
- Ethereum has broken through $2,400.
- BNB has broken through $560.
- SOL has broken through $135.
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