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Federal Reserve cuts interest rates, crypto market liquidates $152 million in 12 hours

With the Federal Reserve announcing a 50 basis point interest rate cut, Coinglass data shows that the crypto market has been liquidated by 67,709 people in the last 24 hours, and the total amount of liquidation is 199 million US dollars. Among them, the 12-hour liquidation is 152 million US dollars, of which multiple orders are liquidated 44.0523 million US dollars, and short orders are liquidated 108 million US dollars. At the same time, with the Federal Reserve cutting interest rates by 50 basis points, the crypto market was boosted, and mainstream coins rose generally. Among them, Bitcoin broke through $62,000, Ethereum broke through $2,400, BNB broke through $560, and SOL broke through $135.