Jerome Powell Liquidates $211 Million in Longs in 1 Hour
The Federal Reserve Chair’s statements led to a significant market shift, resulting in the liquidation of over $211 million in long positions.
Impact on Major Cryptocurrencies:
- Bitcoin ($BTC) – $50.4 million
- Ethereum ($ETH) – $47.07 million
- Solana ($SOL) – $20.5 million
- Ripple ($XRP) – $9.68 million
The Importance of Macro Factors in Setting the Market Tone
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