**Crypto Market Reels as Powell's Fed Warning Sparks $200M Liquidation Wave**
Altcoins took a sharp hit following Fed Chair Jerome Powell's hawkish remarks, with SOL, AVAX, and HYPE dropping 4%-5% before recovering slightly. Memecoins BONK and PENGU saw steeper declines, plummeting 10% before rebounding, as traders scrambled to cover positions amid heightened volatility.
SOL
69.73
-0.04%
HYPEUSDT
Perp
69.27
+2.10%
BONK
0.0₅453
0.00%