The crypto world just took a hard hit. from the traditional finance world crashed into digital assets, wiping out over $550 million in liquidations. Bitcoin and Ethereum led the drop as traders got caught off guard. If you hold crypto or trade it, this event shows why watching big-picture economics matters.
What Are These ?
are sudden changes in the global economy that shake markets. Think rising interest rates, bad jobs data, or stock market slumps. Lately, strong US inflation numbers and hints of no rate cuts from the Federal Reserve spooked investors. Stocks like the S&P 500 fell sharp, and crypto followed suit.
Bitcoin dropped below $55,000 for the first time in weeks. Ethereum slid under $2,400. Altcoins got hit even harder, with…
