Major cryptocurrencies continued to trade mixed on Wednesday with prevailing weakness attributed to larger macroeconomic concerns. What Happened: Bitcoin experienced a 17.5% correction in the 12 days, leading to a collective $385 million liquidation in long (buy) futures BTC contracts. On a broader economic scale, 2024 saw a reversal in the DXY index, which assesses the strength of the U.S. dollar against various foreign currencies, including the euro, the British pound, and the Japanese Yen. After reaching 100.80 on Dec. 28, 2023—its lowest point in over 5 months—the U.S. dollar gained tracti…
