As the Federal Reserve announced a 50 basis point rate cut, a total of 67,709 people were liquidated in the crypto market in the past 24 hours, with a total liquidation amount of US$199 million. Among them, US$152 million was liquidated in 12 hours, of which US$44.0523 million was liquidated for long orders and US$108 million was liquidated for short orders. (Data from Coinglass) At the same time, mainstream currencies rose generally: Bitcoin broke through US$62,000; Ethereum broke through US$2,400; BNB broke through US$560; SOL broke through US$135.
The Fed cuts interest rates and the crypto market rises across the board, with short positions of $108 million liquidated in 12 hours
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