CoinEx Daily: Bitcoin and Altcoin Markets Face Sharp Liquidations amid Fed Rate Uncertainty

Daily View

Bitcoin and the broader crypto market experienced significant volatility, with the total crypto market cap falling below $4 trillion. Macro uncertainty lingers as the Federal Reserve's September rate cut probability stands at 87.3%, with US banks lobbying to prevent stablecoin interest. Bitcoin market dominance has slipped below 58%, while large-scale liquidations and whale sell-offs are contributing to market stress.