Bitcoin Tumbles Below $64,000 Again Amid $100M Liquidations

Bitcoin's price fell below $64,000 on July 28 for the third time this week, resulting in over $100 million in liquidations within an hour. This marks a significant increase from previous liquidation events of $87 million and $75 million.

The decline coincided with a sharp selloff in South Korean equities, with the KOSPI plummeting 8.02% due to a plunge in U.S. semiconductor stocks. The index's eighth circuit breaker of 2026 was triggered as a result.

Traders are now eyeing the Federal Reserve's rate call, which could have a significant impact on cryptocurrency prices. With the federal funds rate held at 3.50%-3.75% for four straight meetings, traders await the Fed's decision to determine potential future rate cuts.