Bitcoin Faces Strong Selling Pressure, Liquidations Surge to $56 Million After Fed Meeting

The post Bitcoin Faces Strong Selling Pressure, Liquidations Surge to $56 Million After Fed Meeting appeared first on Coinpedia Fintech News On Wednesday, Fed Chair Jerome Powell decided to keep rates unchanged at 5.25-5.5% while hinting at the likelihood of a 25 bps rate cut in September if inflation data for July comes on the expected lines. This development turned out to be a sell-the-news event as along with BTC, altcoins have also been facing strong …