Investors Brace as FOMC Minutes Loom Over Shaken Crypto Market
Bitcoin and ether retreated from recent highs as investors braced for the release of the U.S. Federal Reserve’s July FOMC meeting minutes, with risk-off sentiment gaining traction ahead of the critical policy update. The cryptocurrency market saw over $500 million in forced liquidations of leveraged long positions, including $124 million in bitcoin and $184 million in ether, as macroeconomic concerns overshadowed recent institutional and corporate adoption momentum. Bitcoin briefly touched $124,496 last week before falling to as low as $114,706, while ether declined 2.5% to $4,354 after nearing its $4,800 record. The correction followed a 50-basis-point inflation print in July, stoking doubts about a September rate cut and triggering…
