Fed holds rates, Bitcoin slides to $75.6K — $537M liquidated in 24 hours

The Federal Reserve held rates steady at 3.75% for the fourth consecutive time, and markets responded with a sharp risk-off move. Bitcoin fell to $75,598, down 2.16%, while Ethereum dropped 3.71% to $2,243. Total crypto market cap sits at $2.62 trillion, with BTC dominance at 57.7%.

The selloff triggered over $537 million in liquidations across the market in 24 hours — a sign that leveraged longs were caught offside. The Fear & Greed Index registered 29 (Fear), and the Altcoin Index came in at 39/100, reflecting broad weakness beyond the majors.

On the institutional side, World Liberty Financial sold $19.3M in ETH, raising questions about whether large holders are repositioning defensively. Meanwhile, Hyperliquid is reportedly building a Polymarket rival to trade real-world events on-chain.