#FedRateCutExpectationsHeatUp

The quotes of the first cryptocurrency have collapsed to around $111 000 amid macroeconomic risks.
In the last 24 hours, Bitcoin has decreased in price by 9.5%. Most of the largest altcoins by market capitalization have shown a deeper decline. Solana and XRP have lost about 20% in value, while Dogecoin has fallen by more than 24%.
The volume of liquidations in the cryptocurrency market over the last 24 hours has exceeded a record $19 billion. The vast majority of closed positions were on longs — almost $17 billion.
The largest single liquidation amounting to $203 million occurred on the Hyperliquid exchange in the ETH/USDT pair.
The capitalization of the crypto market has decreased to ~$3.8 trillion.
The collapse of digital assets was triggered by the statement of US President Donald Trump about the possible introduction of 100% tariffs on Chinese imports starting November 1. The tough measures from the head of state were prompted by the Chinese authorities implementing restrictions on the export of goods containing rare earth elements during the same period.
The S&P 500 and Nasdaq 100 indices fell by 2.7% and 3.5% respectively over the day.