TradingKey – Fed rate cuts remain a distant prospect as the crypto market is hit hard, resulting in 135,000 liquidations.
On March 19 (GMT+8), the crypto market experienced a sharp plunge, with major coins generally retracing by 4%. As of press time, Bitcoin ( BTC) fell 4.07%, Ethereum ( ETH) dropped 5.59%, Ripple ( XRP) declined 4.06%, and Binance Coin ( BNB) fell 2.91%.
In this downward trend, Bitcoin and Ethereum bulls suffered heavy losses. Over the past 24 hours, 135,000 people across the network were liquidated for a total of $450 million, with $380 million in long positions liquidated, accounting for 84%.
Crypto market liquidation data, source: Coinglass
Early this morning, the Federal Reserve stood pat, announcing that the target…
