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More than $ 400 million has been liquidated from the cryptography market in the last 24 hours after the president of the US Federal Reserve Jerome Powell has chosen to maintain the interest rates unchanged at 4.25-4.5%.
According to Powell, there are still inflationary pressures present of the commercial prices imposed by US President Donald Trump on nations around the world.
“Higher prices have started to manifest more clearly at the prices of certain goods, but their global effects on economic activity and inflation remain to be seen,” said Powell at a press conference.
However, all Fed officials did not accept Powell, two officials voting in favor of a rate drop.
Bitcoin and Ethereum positions take the biggest blow
Co -quince data shows The 24 -hour liquidations increased to more than $ 429 million. Most of these liquidations were long positions, 327.21 million dollars being destroyed from these trades. Meanwhile, $ 102.52 million was liquidated from short positions.
The leaders of the cryptography market, Bitcoin (BTC) and Ethereum (ETH) took the greatest blow. More than $ 101 million were liquidated from ETH positions, while $ 72.45 million was wiped out by BTC Trades.
It was after BTC fell at a 24 -hour $ 115,800.83, $ 115,800.83 data Coinmarketcap shows. He has since recovered to negotiate himself at $ 118,693.84 at 4:50 HNE.
During this same period, ETH also plunged to a daily hollow of $ 3,683.14, but has since been rebounded at $ 3,868.92.
Analysts divided on potential rate reductions 2025
After Powell’s last press conference, bettors on the decentralized platform Kalshi Stay divided on the question of whether there will be rate drops in 2025.
Breaking: Fed Chair Powell comments on the potential of a drop in the basic point rate in September:
“We did not make any decision on September.”
– The Kobeissi letter (@kobeissiletter) July 30, 2025
In the past 24 hours, the chances of “0 reduction” have increased from 9% to 28%. Likewise, the chances for “exactly 1 cut” have increased by the same amount, but is now 33%.
Chances of knowing if there will be “exactly 2 discounts” have slipped 9% to be at 30%, which suggests that there is still an indecision on the market.
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