Bitcoin, Ethereum and XRP fell as the crypto market recorded more than $365 million in liquidations over 24 hours, according to CoinGlass data cited in the source. The total included nearly $210 million in long liquidations and more than $150 million in short liquidations; Bitcoin accounted for $96 million. The source says most liquidations occurred amid a tech-stock selloff, but does not establish that the selloff caused them.
The Federal Reserve held interest rates steady in a 10–2 vote. Bitcoin briefly rose above $81,000 after the decision, then came under pressure. Traders were also preparing for monthly options expiry: more than 135,000 Bitcoin options with a notional value of $10.8 billion were set to expire on Deribit on Friday.
