Key facts
- Over $365 million in crypto liquidations occurred across Bitcoin, ETH, and XRP.
- More than 82,000 traders were liquidated in the past 24 hours.
- Bitcoin options worth $10.8 billion are set to expire this Friday.
- Ethereum options worth $0.775 billion are set to expire.
Bitcoin, Ether (ETH), and XRP faced selling pressure even as the US Federal Reserve maintained its interest rates steady after the latest FOMC meeting. Over $365 million in liquidations occurred across these top crypto assets, with most happening amid a selloff in tech stocks driven by skepticism over AI spending returns. Bitcoin experienced $96 million in liquidations, while ETH, SOL, and XRP were also heavily affected. Fed Chair Kevin Warsh's hawkish remarks, citing higher inflation and oil prices due to the US-Iran war, contributed to market caution. Traders are now anticipating the US PCE inflation data and monthly options expiries.