Bitcoin Price Jump After Fed Cut Leads to Short Liquidations

Sep 20, 2024

Bitcoin's price has surged over 6% to $63,199 per coin following the Federal Reserve's decision to cut interest rates. This has resulted in a wave of liquidations, with over $154 million in short positions being closed across all cryptocurrencies. Ethereum has also seen a significant increase, rising over 6% to $2,437 per coin.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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