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Crypto Markets Tumble Following Federal Reserve Rate Cut, Liquidations Hit $850M

  • The Federal Reserve's revisions to its inflation target for 2025 to 2.5% has caused uncertainty among traders, leading to significant sell-offs.
  • Crypto markets experienced sharp price drops, with Bitcoin briefly falling below $100,000 and altcoins like Ethereum suffering massive losses.
  • Liquidations worth $850 million were triggered, and one trader on Binance lost $7 million after their Ethereum position was liquidated.
  • Despite the setbacks, crypto traders remain bullish on digital assets, fueled by the expectation of a pro-Bitcoin President and significant institutional investments in Bitcoin ETFs.

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