Cryptocurrency markets continue to bleed, with the FOMC meeting and poor ETF performances in the U.S. and Hong Kong weighing heavy on the markets.

What Happened: Bitcoin BTC/USD, Ethereum ETH/USD, Solana SOL/USD and Dogecoin DOGE/USD started May with heavy losses.

Prices as of 7.30 a.m. Eastern Time:

CryptocurrencyGains +/-PriceBitcoin BTC/USD-5.9%$57,500Ethereum ETH/USD-4.5%$2,882.07Solana SOL/USD-5.7%$120.97Dogecoin DOGE/USD-8.5%$0.124

At the time of writing, total crypto liquidations in the past 24 hours stand at $447.3 million, with $377 million worth of long positions liquidated. $142.5 million worth of long positions on Bitcoin were liquidated.

Total trading volumes in the past 24…

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