crypto liquidations
Here’s What Happened in Crypto Today
Bitcoin and Ethereum declined sharply ahead of tomorrow’s Federal Reserve rate decision, with digital assets shedding value as investors positioned ahead of the announcement. The sell-off triggered $615 million in liquidations across markets in 24 hours, reflecting heightened volatility in the sector. Meanwhile, regulatory developments continued to weigh on sentiment, with the CLARITY Act stalling...
Here’s What Happened in Crypto Today
A geopolitical escalation between the US and Iran triggered $450 million in cryptocurrency liquidations today, while regulatory pressures mounted as the SEC outlined three new crypto rules for 2026 and the Federal Reserve signaled a hawkish stance on inflation. The combination of macro headwinds and compliance challenges rattled investor confidence, with Bitcoin falling sharply and...
Bitcoin Crashes Below $58K as PCE Inflation Hits 3-Year High
Bitcoin plummeted below $58,000 today, marking its lowest point since September 2024, as the Personal Consumption Expenditures index surged to 4.1% in May—the highest inflation reading in three years and a decisive break above the Federal Reserve’s 2% target. The PCE data, released on June 25, triggered the largest single-day crypto capitulation in months, with...