Although the markets considered the Fed's message to be more dovish than expected, the price of Bitcoin fell rapidly, following a wave of liquidations.
At one point, the BTC/USD pair was trading at $26,600, down 2.2%. The price had already been corrected to $27,654.0 at the time of publishing the article.
The daily change was -2.04%.
According to sources, over $60.2 million in long positions in Bitcoin futures were liquidated in the first two hours following the Fed's policy decision. Total sales were approximately $85 million.