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There is activity in the Bitcoin and cryptocurrency markets after the FED announced a 50 basis point interest rate cut, which is not surprising. 
BTC price increased by approximately 1% after the decision and is traded at around $60,482 at the time of writing. On the altcoin side, the general increase is dominant. Ethereum increased by 1.61% in the last hour, BNB by 1.36%, Solana by 2.40%, XRP by 1.84%, and Dogecoin by 1.69%. 
<figure id="attachment_153937" aria-describedby="caption-attachment-153937" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-153937 size-full" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/09/BTCUSDT_2024-09-18_21-25-31.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-153937" class="wp-caption-text">
 Chart showing BTC price action after the decision.
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On the other hand, when liquidation data is examined, with the increase in volatility, there was a liquidation of approximately $ 17 million in the general cryptocurrency market in the last hour, $ 13 million of which were in short positions. The largest liquidation occurred in Bitcoin with $ 8.50 million, while Ethereum came in second with $ 3.13 million. 
Related News: <a href="https://en.bitcoinsistemi.com/breaking-expected-big-moment-arrives-fed-announces-interest-rate-decision-here-is-bitcoins-first-reaction/" target="_blank" rel="dofollow">BREAKING: Expected Big Moment Arrives, FED Announces Interest Rate Decision - Here is Bitcoin's First Reaction</a> 
However, spot gold reached a record high of $2,591.19 per ounce following the interest rate decision of the US Federal Reserve. 
A total of 105 out of 114 economists predicted a 25 basis point rate cut and were wrong. 
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*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-is-the-latest-situation-in-the-markets-after-the-feds-critical-interest-rate-decision-here-is-the-data-in-bitcoin-and-altcoins/">What is the Latest Situation in the Markets After the FED’s Critical Interest Rate Decision? Here is the Data in Bitcoin and Altcoins</a>

What is the Latest Situation in the Markets After the FED’s Critical Interest Rate Decision? Here is the Data in Bitcoin and Altcoins

Bitcoin Sistemi EN

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