
Middle East tension causes massive crypto market shakeup, $489 million liquidated
Crypto long positions endure cascading liquidations for the past 24 hours as Iran launches an air strike against Israel.
Read macro-driven crypto news linking Bitcoin and digital assets to rates, inflation, liquidity, geopolitics, and global markets.

Fed's policy shift prompts Bitcoin volatility but price stabilizes above $60,000 on cautious market sentiment.

Sell-off after rate cuts, nearing resistance, and overall bullish indicators paint Bitcoin's landscape this week, according to analysts.

The juncture of factors is putting a toll on crypto prices, and it is possible that relief will come only after the U.S. elections.

The document also hints at a 25 basis points (bps) rate cut due to "recent progress on inflation" and "increases in the unemployment rate."

As central banks intensify rate cuts and the fear of recession looms, Bitcoin could benefit from growing liquidity and wider institutional adoption.

Recent data indicates a decline in inflation closer to the Fed's 2% target, while unemployment has risen slightly above 4%.



