What is the Latest Situation in the Markets After the FED’s Critical Interest Rate Decision? Here is the Data in Bitcoin and Altcoins

There is activity in the Bitcoin and cryptocurrency markets after the FED announced a 50 basis point interest rate cut, which is not surprising.

BTC price increased by approximately 1% after the decision and is traded at around $60,482 at the time of writing. On the altcoin side, the general increase is dominant. Ethereum increased by 1.61% in the last hour, BNB by 1.36%, Solana by 2.40%, XRP by 1.84%, and Dogecoin by 1.69%.

On the other hand, when liquidation data is examined, with the increase in volatility, there was a liquidation of approximately $ 17 million in the general cryptocurrency market in the last hour, $ 13 million of which were in short positions. The largest liquidation occurred in Bitcoin with $ 8.50 million, while Ethereum came in second with $ 3.13 million.

However, spot gold reached a record high of $2,591.19 per ounce following the interest rate decision of the US Federal Reserve.

A total of 105 out of 114 economists predicted a 25 basis point rate cut and were wrong.

*This is not investment advice.