Liquidation

The crypto market saw €450 million in liquidations over 24 hours as Bitcoin and Ethereum prices dropped sharply, despite bullish news from the Federal Reserve’s rate cut.

Bitcoin’s price plummeted from $90,000 to $85,000, liquidating $900 million in long positions, following renewed warnings from China about stablecoins and broader market uncertainty.

Controversial internet personality Andrew Tate lost his entire crypto fortune on the Hyperliquid platform during the recent market crash, with over 630,000 euros liquidated.