Crypto traders faced over $800 million in liquidations as Bitcoin experienced significant volatility, dipping to $108,000 before recovering to $110,000. This "sell-the-news" event followed the Federal Reserve's 25-basis-point rate cut, which was overshadowed by Chair Jerome Powell's cautious remarks about future cuts.
Despite short-term turbulence, analysts suggest improving macroeconomic conditions and potential liquidity increases could support Bitcoin's rise in the coming months.
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