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Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>Bitcoin experienced a significant price moment, reaching the $35,000 mark just before the impending Federal Reserve interest rate decision scheduled for 2 p.m. GMT, causing noticeable turbulence in the crypto market.</p> 
<p>In the wake of this price movement, the market experienced nearly $100 million in liquidations in the past 24 hours, with $20 million originating directly from Bitcoin. Notably, over half of these liquidations were witnessed from short positions.</p> 
<p>In the subsequent hour, the market continued to feel the impact with an additional $11 million in Bitcoin liquidations and $20 million in total for the entire crypto sector, primarily from short positions.</p> 
<figure id="attachment_370022" aria-describedby="caption-attachment-370022" style="width: 100%" class="wp-caption aligncenter">
 <figcaption id="caption-attachment-370022" class="wp-caption-text">
  24 Hour Liquidations: (Source: Coinglass)
 </figcaption>
</figure> 
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-taps-35000-then-retraces-sparking-massive-liquidation-before-fed-decision/">Bitcoin taps $35,000, then retraces, sparking massive liquidation before Fed decision</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin taps $35,000, then retraces, sparking massive liquidation before Fed decision

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