Bitcoin risks ’20-30%’ drop as crypto markets liquidate $1.1B in 24 hours
Bitcoin fell to the bottom of its local range as traders lost over $1 billion as a result of the surprise BTC price downside after the Fed interest-rate cut.
Key points:
Bitcoin revisits the bottom of its local range in a fresh dive after the Federal Reserve interest-rate cut.
Traders betting on upside get punished, with long liquidations nearing $1 billion.