Bitcoin Drops Below $62,500 as Fed Rate Hike Odds Surge to 50% — $812 Million Liquidated
Bitcoin tumbled below $62,500** as market sentiment turned sharply bearish, with BTC dropping **2.30% to $62,476 and ETH falling 2.20% to $1,784**. The selloff was triggered by **Fed rate hike expectations surging to 50%** — up from just 10% previously — as Fed Governor Waller signaled a possible hike to control inflation. Total crypto futures liquidations reached a staggering **$812 million in 24 hours, with BTC seeing $37.6 million**, ETH **$20.9 million, SOL $35.16 million**, and XRP **$13.2 million in forced closures. The Fear & Greed Index dropped to 22, with social media mentions for BTC and ETH hitting a 12-month low.
Risk reminder: Rising rate expectations and geopolitical tensions could continue to pressure risk assets. Trade with strict risk management.
