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Bitcoin dropped below $80,000 after the Federal Reserve maintained interest rates, with over $342 million liquidated in the crypto market within 24 hours.
Following the Federal Reserve's announcement to maintain the federal funds rate target range at 3.75–4%, Bitcoin fell below $80,000 to $79,988, and XRP dropped 2.79% to $1.287. Affected by this, the crypto market experienced a total of $342.25 million in liquidations over the past 24 hours, with long positions accounting for $220.44 million, or 64.4% of the total. Furthermore, market expectations for a Fed rate hike in December have risen to 83%.
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