Market Volatility
Fed cuts rates but Powell tempers December cut expectations
Chris Blake Image generated by AI
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.
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.
XRP slips below $3 as whales sell heavily
XRP's price has dipped below $3 amid heavy selling by whales, who are offloading over $50 million daily. This pressure is fueling market fears and volatility in a cautious cryptocurrency environment. Analysts highlight risks of a sharp correction, with technical indicators pointing to potential further declines.
October historically volatile for stock markets
October has long been known as a turbulent month for stock investors, marked by major historical crashes. While past data shows significant ups and downs, analysts suggest preparing for moderate volatility rather than catastrophe this year. The month often sees rebounds after initial declines.
Bitcoin rebounds from sell-off on easing trade tensions
Reported by AI
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.