Massive Crypto Liquidations: $300 Million Vanishes After Fed Announcement

A massive cryptocurrency market event recently unfolded, highlighting the inherent volatility of digital assets. In a mere 15 minutes following Federal Reserve Chair Jerome Powell’s press conference, an astounding $300 million in crypto futures liquidations occurred across various platforms. This rapid financial shake-up left many traders reeling and emphasizing the profound impact traditional economic announcements can have on even the most unpredictable markets.