Bitcoin Updates: Federal Reserve's Ambiguity Triggers $617 Million in Crypto Sell-offs as Bitcoin Drops
- Bitcoin's $93,000 drop triggered $617M in crypto liquidations, with long positions accounting for 64% of losses. - Fed uncertainty over December rate cuts (now priced at 40%) fueled global market selloffs, including 1.77% Nikkei decline. - Fed officials' conflicting signals on inflation/labor data intensified crypto panic, erasing $1T from markets since October. - Analysts warn of further Bitcoin declines to $80K-$85K as liquidity worsens and Fed policy remains unresolved ahead of December meeting.
Bitcoin's Sharp Decline Sparks $617 Million in Liquidations Amid Fed Policy Uncertainty
On Monday, Bitcoin tumbled to $93,000,
The volatility spilled over into global equities, prompting a shift toward safer assets.
The recent selloff has wiped out $1 trillion from the crypto market since its October high,
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