Bitcoin is back below $81,000 as Fed rate uncertainty weighs. Kospi plunges 8%
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.
Key Takeaways
- Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Bitcoin drops below $81,000 as risk-off sentiment weighs on Asian equities
Asian equities tumbled on Thursday, with South Korea's Kospi losing 8% and Japan's Nikkei 225 declining 5% during morning trading.
Nearly $1 billion in crypto bets liquidated as bitcoin, ether and XRP slide
Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin.
Crypto Liquidations Near $1 Billion as Longs Take the Majority of Losses
Crypto traders saw $942.1 million in leveraged positions liquidated over the past 24 hours, according to Coinglass data. Long positions accounted for $863.3 million, or 91.6% of the total. The wipeout arrived as the broader market fell. Total crypto market…