Bitcoin Price Crash Wipes Out $89 Billion as Fed Rate Hike Odds Hit 44%
Photo: Coinpedia
The global crypto market cap fell 3.2%, wiping out $89.36 billion, as Bitcoin Drop below $81K. CME FedWatch data shows the odds of a Fed rate hike rising to 44%, up from 18%. CoinGlass reported $972.46 million in liquidations affecting 182,574 traders over 24 hours. The global crypto market cap fell 3.2%, wiping out $89.36 billion to reach $2.71 trillion. Meanwhile, Bitcoin the pioneer cryptocurrency dropped from a 24-hour high of $83,700 to below $81,000 after U.S. inflation came in hotter than expected, raising the odds for a Fed rate hike to 44%.
Source: Coinpedia
