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    1. coinfeeds-bot on

      tldr; Bitcoin’s price dropped below $109,000, erasing $170 billion from the crypto market, with Ethereum and Solana also experiencing significant declines. Analysts attribute the downturn to high volatility, forced liquidations, and risk aversion following the FOMC meeting. The sell-off wiped out leveraged positions, signaling a reset in market risk appetite. Despite the slump, some analysts see potential opportunities, with Bitcoin nearing a technical formation that could precede a major breakout or further correction.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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