FOMC - $33M In Bitcoin Shorts Wiped Out After Apex Crypto Flirts With $35K 'Greed' Levels Soar As Interest Rates Stay Put | Benzinga
Bitcoin (CRYPTO: BTC) shorts totaling more than $33 million were liquidated in the last 24 hours, coinciding with the Federal Reserve’s decision to keep its policy unchanged.
What Happened: On Wednesday, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) made the expected move of leaving the benchmark fed funds rate range steady at 5.25%-5.50%. This decision prompted no surprises in the market.
As of now, Bitcoin is trading above $35,400. The apex cryptocurrency has confidently surpassed the $35,000 resistance level, which had previously limited its upward movement over the past two weeks.
According to data from Coinglass, a total of $33 million in BTC shorts were liquidated, out of the total of $46 million in BTC liquidations, during the past 24 ...