What is the latest situation in the markets after the Fed’s critical interest rate decision? Here is the data in Bitcoin and altcoins

The Bitcoin and cryptocurrency markets are seeing activity after the Fed announced a 50 basis point interest rate cut, which is not surprising.

The price of BTC has risen by about 1% since the decision and is trading at around $60,482 at the time of writing. As for altcoins, the overall growth is dominant. Over the past hour, Ethereum is up 1.61%, BNB is up 1.36%, Solana is up 2.40%, XRP is up 1.84%, and Dogecoin is up 1.69%.

A graph showing the price movement of BTC after the decision was made.

On the other hand, looking at liquidation data, with volatility rising in the last hour, the overall cryptocurrency market saw approximately $17 million liquidated, of which $13 million was in short positions. The largest liquidation occurred in Bitcoin with $8.50 million, followed by Ethereum with $3.13 million.

However, spot gold hit a record high of $2,591.19 an ounce following the US Federal Reserve’s interest rate decision.

A total of 105 of 114 economists predicted a 25 basis point rate cut but were wrong.

*This is not investment advice.