Bitcoin crash below $60,000 triggers $1 billion loss as markets now price Fed rate hike by October
Spot selling led the decline before forced liquidations spread losses across Bitcoin, Ether and other major cryptocurrencies.
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Spot selling led the decline before forced liquidations spread losses across Bitcoin, Ether and other major cryptocurrencies.
Oluwapelumi Adejumo 5 min read
Bitcoin has lost 16% this month while ETF redemptions and weak US trading activity deepen pressure on the market.
STRC and SATA's first major selloff showed how quickly that trade can crack under margin pressure.
Bitcoin declined as AI-linked stocks and expected tech IPOs drew capital away from a market already vulnerable to leverage.
A dense cluster of long liquidations near the low-$70,000s could accelerate Bitcoin selling if support breaks.
Nearly $1 billion in leveraged positions were liquidated as weakening spot demand pushed Bitcoin below $75,000.
BTC's rally triggered heavy short liquidations across the crypto market and strengthened bullish positioning in options and prediction markets.
Bitcoin triggers a historic short squeeze after PPI misses by 0.7 points, but the Fed signal spooked pros.
Aave still leads DeFi lending, but contributor exits have turned scale into an execution test.
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