🔥 Hawkish Fed Shocks Crypto: BTC Crashes Below $75K, $508M Liquidated
FED AFTERMATH: Rates held at 3.50%-3.75% as expected, but a hawkish surprise—4 dissenting votes & inflation warnings—sparked panic. BTC dumped to $75,164, ETH to $2,200 (ETH/BTC at yearly low).
LIQUIDATION MAYHEM: **$508M liquidated** in 24 hours, 120K traders wrecked. Largest single loss: $7.9M ETH long on Binance.
ETF EXODUS: Bitcoin ETFs saw $263M net outflow April 29, ending 9-day inflow streak.
REGULATORY BOMBSHELL? SEC & CFTC jointly classified 16+ cryptos (BTC, ETH, SOL, XRP) as "digital commodities" —potentially a historic shift away from securities status.
OUTLOOK: Whales are buying the dip (40K+ BTC accumulated), but if $75K breaks, next stop $70K. Volatility ahead.
Like & share for daily alpha! DYOR. 🔥
BTC
78,327.84
+2.38%