Market Volatility
Fed cuts rates but Powell tempers December cut expectations
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The US Federal Reserve cut interest rates by 0.25% to a range of 3.75%-4.0% on Wednesday, as expected. However, Chair Jerome Powell's hawkish comments during the press conference cast doubt on a further cut in December, triggering a selloff in crypto markets. Bitcoin fell below $110,000, while Chainlink experienced volatility before a partial rebound.
Crypto market liquidation exceeds $217 million in 24 hours
The cryptocurrency market experienced a sharp downturn, with over $217 million in positions liquidated within 24 hours. Traders were caught off guard as Bitcoin and Ethereum saw significant losses, driven by high leverage and rapid price swings. This event highlights the volatility inherent in digital assets.
Bitcoin achieves historic $115,644 monthly close
Bitcoin ended July at $115,644, securing its highest monthly close in the cryptocurrency's 16-year history. This milestone persisted amid significant market volatility driven by large whale transactions.
Bitcoin rebounds from sell-off on easing trade tensions
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Bitcoin has recovered some losses after a sharp downturn triggered by U.S. tariffs on China, with the cryptocurrency trading around $115,000 to $116,000 on Monday. The sell-off led to a record $19 billion in market liquidations over the weekend. President Donald Trump's reassuring comments on Sunday helped ease fears of escalating trade conflicts.
Bitcoin falls to $105,000 triggering over $1 billion in liquidations
Bitcoin's price dropped to around $105,000, its lowest in months, sparking widespread liquidations across the cryptocurrency market. Over 290,000 traders saw their positions closed, resulting in more than $1 billion in losses in a single day, according to CoinGlass data. The sell-off affected major assets like Ethereum and Binance Coin, though smaller projects like Tapzi continued to attract investor interest.