The cryptocurrency market witnessed a significant downturn on April 30, with the total market capitalization declining by 4.47% to $2.22 trillion. This plunge has been accompanied by a flurry of liquidations, with over $321.29 million worth of long traders and nearly $66.53 million in shorts liquidated within the past 24 hours alone.
As market volatility escalates, investors are bracing for further turbulence in the coming days, with pivotal events such as the release of crucial data by the United States Federal Reserve on interest rates and the Federal Open Market Committee (FOMC) meeting on Wednesday looming large. Adding to the already tumultuous environment, Binance founder Changpeng Zhao’s sentencing to four months in prison after a plea deal further exacerbated market instability.
https://blockchainreporter.net/price-analysis-btc-xrp-ada-rez-sol-plummet-amid-market-turmoil/
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