31.07.2025 10:07

Bitcoin experienced a dramatic price swing on July 30th, recovering swiftly from a sudden and sharp decline following the Federal Reserve's announcement regarding interest rates. Prior to the downturn, the cryptocurrency traded above $118,900.

The initial plunge, often referred to as a "flash crash," saw Bitcoin's value plummet from approximately $118,600 to a low of $115,784. This rapid drop was directly attributed to the Fed's decision to hold interest rates steady, impacting market sentiment and triggering significant liquidations. An estimated $431 million in Bitcoin were liquidated during this volatile period.

Despite the intense volatility, Bitcoin demonstrated resilience, rebounding quickly to reclaim a price above $118,700. This recovery highlights the cryptocurrency's inherent volatility and its susceptibility to external economic factors, including central bank decisions. The incident underscores the importance of risk management for investors navigating the crypto market's unpredictable nature. The rapid price fluctuations and subsequent rebound exemplify the inherent risks and rewards associated with Bitcoin investment. Information on this event was sourced from internet resources.