Odaily News: Bitcoin fell to $62,912 on Thursday before briefly recovering above $63,000, with its market cap dropping to $1.26 trillion, still down 0.5% on the day. The total amount of liquidations in the crypto market reached $227 million, with long liquidations at $122 million and short liquidations at approximately $105 million. Bitcoin long liquidations amounted to nearly $34 million, an increase of over $13 million from the previous day. AMINA Research noted in its macro analysis that geopolitical risks in the Strait of Hormuz have driven phased increases in energy prices, raising inflation risks and potentially delaying the Fed's rate cuts until late 2026. At the July 29 meeting, three regional Fed presidents supported a 25-basis-point rate hike. (Bitcoin.com News)
Bitcoin once fell below $63,000, with $227 million in positions liquidated, long positions accounting for $122 million
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