Bitcoin, ETH and XRP Slide Despite Fed Hold as Liquidations Hit $365M
- —24-hour liquidations topped $365 million, including $210 million in longs and $150 million in shorts
- —More than 82,000 traders were liquidated; the largest single order was a $6.53 million ETH-USDT short on Binance
- —The FOMC voted 10-2 to hold rates, with markets pricing an 81% chance of a December hike
- —$10.8 billion in BTC options expire on Deribit with a max pain price of $78,000
Why it matters: A hawkish Fed and hot PCE inflation data could keep pressure on crypto and hold bitcoin below $80,000.
Source: CoinGape