Crypto Bulls Get Hit With $200M in Liquidations as Powell Rattles Market With Fed Warning
Main Idea
The content provided does not contain any article or substantive information to summarize.
Key Points
Description
Crypto markets saw a rise in volatility on Wednesday as Federal Reserve Chair Jerome Powell’s hawkish remarks rattled leveraged traders. Liquidations spiked to over $200 million in an hour across all digital assets as bitcoin (BTC) dipped below $116,000 while Powell spoke, CoinGlass data shows. The central bank left interest rates unchanged, with Powell insisting on potential inflationary pressures from tariffs, while two officials dissented in favor of cutting. Read more: Bitcoin Tumbles Below ...
$BONK
$0.000026749
-4.27%
$ETH
$3648.58
-3.65%
$AVAX
$22.28
-2.96%
$HYPE
$39.673
-8.90%
$BTC
$115722.4
-2.00%
$SOL
$169.37
-4.20%
Latest News
- CoinDesk 20 Performance Update: Bitcoin (BTC) Price Drops 1.3% as All Assets Decline2025-08-01 14:02:47
- Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan2025-08-01 14:02:37
- Filecoin Drops Over 6%, Breaks Key Support at the $2.38 Level2025-08-01 14:02:29
- Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America2025-08-01 13:45:43
- Ethena's USDe Outpaces BlackRock’s Bitcoin, Ether ETFs With $3.1B Inflow Surge2025-08-01 12:30:45