Crypto Market Crash Wipes Out $1.15B as Fed Rate Cut Hopes Collapse
Story Highlights
Crypto market plunges over 5%, with Bitcoin and altcoins suffering sharp losses.
Fed’s latest inflation data crushed hopes for June interest rate cuts completely.
Bitcoin ETFs saw $202 million outflows, with Fidelity leading massive investor withdrawals.
Over 247,000 traders liquidated, losing $1.15 billion in leveraged crypto positions.
The global crypto market just dropped by 5.66%, leaving many investors wondering what’s going on. Bitcoin, which was recently aiming for a breakout above $109,000, has dropped back to around $104,000. That’s a 3.6% decline in just 24 hours.
And it’s not just Bitcoin—Ethereum, XRP, Solana, and even meme coins like Dogecoin have followed, falling anywhere between 6% to 15%.
So, what’s behind this sudden crash?
Fed Rate Cut Hopes Crushed
The biggest reason seems to be new signals from the U.S. Federal Reserve. After the latest inflation data came out, showing core CPI still above expectations and producer prices rising, the chances of a rate cut in June have nearly vanished.
According to Fed CME tools, the market now has a 97.4% chance that the Fed will not lower interest rates this month. That’s made investors nervous, and it’s showing in crypto prices.
Bitcoin ETFs See Big Outflows
Another major blow came from the spot Bitcoin ETFs. After several days of strong inflows, June 12 saw a sudden reversal, with $202 million flowing out. Leading the charge was Fidelity’s ETF alone saw a $197 million withdrawal, while ARK Invest’s ETF lost over $10 million.
Surprisingly, BlackRock stayed flat with zero inflows or outflows.
$1.15 Billion in Crypto Liquidations
Leverage traders took a big hit. In the last 24 hours, over 247,000 traders were liquidated, with total liquidations hitting $1.15 billion. The largest single liquidation order was a $201 million long on Binance.
If Bitcoin drops further to around $95,800, nearly $11.76 billion worth of long positions are at risk. That could trigger another wave of sell-offs.
Meanwhile, technically, indicators hint at more struggle for Bitcoin as charts show rejection near the $106K resistance zone.
Meanwhile, the MACD is showing a slight bullish crossover, but the momentum is weakening. If Bitcoin fails to hold $104K, we could see a retest of $102K or even $100K soon.
Altcoin Market Suffers Too
Altcoins are taking a big hit, closely following Bitcoin’s downward trend. The Altseason Index has dropped to 16, showing that Bitcoin still holds market dominance.
Among the biggest losers, Ethereum (ETH) fell by over 9.29%, now trading near $2,508. While XRP, Solana, and Cardano all saw major declines, with no signs of recovery just yet.
My Mother always had a way with words and one of them was: You made your bed – you “lie” in it – which can be interrupted in different ways?
Does E Jean Carroll care how this effects the members of these men’s families (children)? Or, does it matter?
How much money does this person want to make off of these stories? I know it is being used as a political football (hit) each time since the Democrats were rolled in the mud by DOGE and the election.
None of us know what the real story was – period – since she has had this happen before – as recorded/ Has she made a living off of these stories – which is her prerogative?
“Carroll adds that she did not include the experience in her Esquire article, “I am a member of the Silent Generation. We do not flap our gums. We laugh it off and get on with life.” Moonves, former CEO and chairman of CBS who was fired after numerous sexual assault and harassment allegations, told New York he “emphatically denies” the incident occurred.”
Among the challenges the DNC faces is infighting, a slowdown of fundraising from major donors, and a declining war chest, according to a new report in The New York Times. The report cited more than two dozen Democratic lawmakers, donors, strategists, DNC members, and party officials, all of whom acknowledged the struggles the organization faces as it tries to rebuild the party.
“What they are seeing is headline after headline of incompetence and infighting, and I think that is a real problem not just for the D.N.C. but for the larger Democratic brand,” Ruffus Gifford, finance chairman for Kamala Harris’s 2024 campaign, told The Times. “We need to come together and focus on the issues at hand. That’s got to happen now. And I mean today. And if that can’t happen, we need to shift course.”
Many of the issues the DNC faces arose after Ken Martin became the committee’s new leader. Sources told the Times that Martin has not contacted some major donors and has worked to install allies in key positions within the organization. The public fight with gun safety activist David Hogg didn’t help matters either, sources said.
The DNC’s struggles have also created a significant financial hole that the organization must climb out of. Between January and April, the DNC’s war chest shrank by $4 million. For comparison, the Republican National Committee raised $29 million during the same period. This makes it hard to see how the DNC can maintain Martin’s goal of spending $1 million per month to support state parties.
“This is worse than some high school student council drama,” Rep. Mark Pocan, a Wisconsin Democrat, told The Times.“
Who is backing these people? Are they being paid to do this?
What ever happened to “respect” for our fellow man? The left is so angry at themselves about their political position – they are lashing out at everyone. Look at Los Angles burning while the mayor and governor are egging it on. So sad.
They brought this position on themselves and are taking it out on the conservatives with fake news..
A new study has looked back along our evolutionary tree, and shown that humans evolved the tendency to kill each other from our primate ancestors – violence didn’t just arise from human nature, as has been suggested in the past.
In fact, at the time of our species’ origin, humans were killing each other six times more often than the average mammal today – which, it turns out, isn’t anywhere near as bad as some of the species out there.
In the latest study, a team of researchers from the Estación Experimental de Zonas Áridas and University of Granada in Spain, compiled information on more than 4 million deaths across 1,024 mammal species.
They used that data to calculate how many of those deaths were the result of violence from a member of the same species, and then figured out which mammals are the most murderous.
Surprisingly, humans weren’t in the top five, despite how dangerous we look on the evening news – and neither were many of the other mammal species we associate with violence, such as lions and wolves.
Nope, the number one most murderous mammal species was actually… meerkats. Yes, cute, adorable meerkats are the mammals most likely to kill another member of their species, with almost one in five meerkats, mostly juveniles, being murdered by another meerkat, according to the new study.
While several studies have looked into the origins of human violence before, this is the first detailed survey to look at violence across the mammal world – and it shows that we’re clearly not alone, or even as bad as we think, when it comes to killing each other.
The point of the study was to try to nut out once and for all what makes humans so violent – a question that’s been debated for decades.
By looking back at the mammalian family tree, lead researcher José María Gómez hoped to get a little bit more perspective about where we fit in the grand scheme of things – and what they found was a combination of both.
“We found that human lethal violence has an evolutionary origin,” Gómez told Maarten Rikken over at ResearchGate, “but can be modulated by some ecological and cultural factors, like the type of sociopolitical organization.”
In other words, we definitely evolved the tendency to kill each other, but our culture has affected that violence, too.
To figure that out, the team looked at our evolutionary history – usually, the closer two species are on the evolutionary tree, the more similar levels of inter-species murder they display. Based on that, Gómez predicted how violent humans should be, and then looked at causes of death in 600 humans population between 50,000 BC and today, to figure out how violent we actually are.
What they found was that, humans were around six times more murderous than the average mammal when we originated.
So, when our species first arose, around 2 percent of people (or one in 50) would have been murdered by other humans.
But that rate didn’t stay the same – during Palaeolithic times, more than 10,000 years ago, the rate of lethal violence increased to around 3.9 percent.
Then, during the Medieval period, between 400 and 1400 AD, that rate rose to around 12 percent, before dropping over the last few centuries so that we’re now far less violent than we were in our prehistoric past – most likely due to being more organised, and having stricter laws in place.
Not all mammals are violent, however. The study showed that around 40 percent of the 1,024 mammal species studied killed each other – and the primates were particularly bloodthirsty.
“While just 0.3 percent of mammal deaths are caused by members of the same species, that rate rose to 2.3 percent in the common ancestor of primates, and dropped slightly to 1.8 percent in the ancestor of great apes,” writes Ed Yong for The Atlantic. “That’s the lethal legacy that humanity inherited.”
But the fact that we’ve managed to overcome that legacy is what we should be focusing on in these results, Gómez told ResearchGate.
“The main message of the study, from our point of view, is that no matter how violent or pacific we are in the origin, we can modulate the level of interpersonal violence by changing our social environment,” he explains. “We can build a more pacific society if we wish.”
See guys? There’s hope for us yet. Now, let’s all just be glad we weren’t born meerkats.
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In my eyes, the problem is that punishment for crimes committed has taken a back seat.
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kommonsentsjane 