$355M Rekt as Bitcoin Hits $115K: Fed Rate Cuts to Extend Rally?

Bitcoin’s latest price surge turned expensive for leveraged traders with more than $354 million in liquidations swept across the crypto market, wiping out $121 million from longs and $233 million from shorts. According to CoinMarketCap data, Bitcoin pushed past $115,000, claiming a daily high of $116,317, marking a nearly 3% weekly gain as investors brace for a pivotal Federal Reserve meeting next week. Fed Rate Cuts in Focus As a Reuters survey of 107 economists revealed, 105 expect the Federal Reserve ...