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BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

2025.01.13 21:51:58

BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Relevant content

Despite today's data not supporting a rate cut, traders are still betting that the Fed will cut rates in June.

On Feb. 20, U.S. short-term interest rate futures showed minimal movement following the release of the latest economic data; traders continue to bet the Federal Reserve will cut interest rates in June. (FXStreet)

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After the release of US economic data, Bitcoin accelerated its decline, with a drop of nearly 1% in the past hour.

On February 20, per HTX market data, Bitcoin extended its decline following the release of U.S. PCE and GDP figures, last seen trading at $66,882.63—down nearly 1% over the past hour. Additionally, the "BTC OG Insider Whale" has just moved another 5,000 BTC to Binance.

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On February 20, the initial estimate of the U.S. fourth-quarter annualized real GDP growth rate came in at 1.4%, well below the forecast 3.0%.

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U.S. December Core PCE Price Index YoY 3%, Above Expectations

On February 20, the U.S. December Core PCE Price Index’s year-over-year rate came in at 3%, topping expectations of 2.9% and up from a prior reading of 2.8%.

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Bitcoin Plunges Below $67,000 Briefly

As of Feb. 20, HTX market data shows Bitcoin (BTC) briefly dipped below $67,000, last trading at $67,068. Just five minutes ago, the "BTC OG Insider Whale" transferred another 5,000 BTC to Binance.

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Before CME Data Release, 'BTC OG Insider Whale' Moves Another 5000 BTC to Binance

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