Crypto Market Falls 2% on Oil, Fed Rate Bets and $330M Liquidations
- —Crypto market cap fell 2% to about $2.9 trillion
- —$330.18 million liquidated across 107,013 traders in 24 hours
- —Longs lost $230.65 million, shorts $99.53 million
- —CME FedWatch shows 68.1% odds of a Fed hike on October 28
Why it matters: WTI above $93 and 10-year Treasury yields above 5% pressure risk assets; the September 30 PCE print will shape the next move.
Source: Cryptonews.com