What happened yesterday.. Why did the markets collapse and $900 million were liquidated? Yesterday, after the US Federal Reserve decided to cut interest rates by 25 basis points and issued its future expectations to cut only 50 basis points in 2025 instead of 100 basis points in previous expectations, while raising future targets for interest rates in the following years. This prompted the markets to price this monetary tightening from the Federal Reserve and negatively affected the stock market, digital currencies and gold, and led to the liquidation of nearly $900 million in the digital currency market.

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