Crypto Markets PlungeBitcoin Falls Below $93,000
A hawkish Federal Reserve stance and record ETF outflows trigger a sharp sell-off across cryptocurrencies, wiping out recent gains.
- Bitcoin dropped over 13% from its all-time high of $108,000 earlier this week, trading as low as $92,000 before stabilizing around $95,000.
- The Federal Reserve's announcement of fewer-than-expected interest rate cuts in 2025 led to a sell-off in risk assets, including cryptocurrencies.
- Spot Bitcoin ETFs recorded their largest-ever single-day outflows, with $680 million withdrawn, reflecting shaken investor confidence.
- Over $1.4 billion in crypto liquidations occurred in the past 24 hours, with long positions accounting for the majority of losses.
- Despite the downturn, analysts highlight long-term bullish factors, including regulatory shifts under President-elect Donald Trump and growing institutional adoption.
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