$768,850,000 in Bitcoin and Crypto Liquidated in 12 Hours As Global Asset Dump Intensifies

$768,850,000 worth of Bitcoin and other cryptocurrencies were liquidated in just 12 hours as a result of intensifying global asset dumping. The plummeting stock market in Japan, coupled with the Bank of Japan’s decision to tighten monetary policy and a bleak economic outlook in the US, triggered a worldwide sell-off. The price of Bitcoin, after reaching $70,000 a week ago, has now dropped to $54,350, causing significant losses for crypto traders. In addition to the crypto market crash, US stock futures are also down, with the Dow Jones Industrial Average futures dropping 383 points. This decline in the stock market comes as a disappointing US jobs report raises expectations of a possible interest rate cut by the Federal Reserve in the coming months. The situation is closely being monitored, and further insights may be gained from the public comments of San Francisco Fed President Mary Daly at a business conference in Hawaii.