Bitcoin Surpasses $80,000 and Ethereum Hits $2,500 Amid Massive Liquidations

The cryptocurrency market experienced a sharp rally following the Federal Reserve's interest rate decision. Bitcoin (BTC) climbed over 5% to break the $80,000 level, while Ethereum (ETH) rose to $2,500. According to CoinGlass, the market volatility resulted in $474.41 million in liquidations across the network over 24 hours, affecting over 100,000 investors. The largest single liquidation occurred on the decentralized exchange Hyperliquid, involving a BTC-USD short position worth $8.53 million.