Crypto Token Tracker logo Crypto Token Tracker logo
coinpedia 2024-12-19 03:50:00

Crypto Market Liquidation Hits $700M Amid Fed Inflation Warning

The post Crypto Market Liquidation Hits $700M Amid Fed Inflation Warning appeared first on Coinpedia Fintech News The crypto market saw a sharp decline, losing nearly $700 million, with over $660 million liquidated in the past 24 hours. Meanwhile, the US stock market faced a steep fall, shedding $1.5 trillion, as the S&P 500 dropped 2.95%. Federal Reserve Chair Jerome Powell, during the FOMC meeting, reiterated that the Fed cannot own Bitcoin and projected it might take 1-2 years for inflation to hit the 2% target. These developments have triggered widespread sell-offs, leaving investors wondering if this downturn presents a buying opportunity amidst the market chaos.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.