Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
After the FOMC announcement, the cryptocurrency market has cooled off significantly. ビットコイン has dropped to the $66,000 range, down 2.4% in 24 hours. ETH has fallen below $2,000, and SOL has declined by more than 5%.
The cause seems to be the FRB raising inflation expectations from 2.4% to 2.7%, and the rising crude oil prices appear to be pushing back expectations of rate cuts. Is this how the market reacts after an FOMC? The dot plot predicts a 25 basis point rate cut this year, but more members are now expecting zero rate cuts by 2026, indicating a shift in market sentiment.
The total market capitalization of cryptocurrencies has fallen to $2.48 trillion, with almost all of the top 100 coins in the red. XRP is down 2.7%, and Worldcoin has dropped 4.5%. Only Quant has seen a slight increase.
Leverage traders are also struggling, with over 118,000 people liquidated in the past 24 hours, totaling over $400 million. ビットコイン alone saw $145 million in liquidations, and イーサリアム $98 million. ビットコインのETF has also shifted from inflows to outflows, ending a seven-day streak of inflows. The crypto market is clearly heavily influenced by the FOMC.