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Bitcoin (BTCUSD) Tumbles Below $86K on Massive Liquidations Amid Fed Rate Cut Hopes

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The Story

News Summary

  • Bitcoin dropped over 5% to below $86,000 amid heavy liquidations and rising US rate cut expectations, signaling a sharp correction after prolonged gains.
  • Market focus shifts to upcoming US economic data and Fed comments influencing crypto and broader markets.
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BTCUSD price history

76422.17 +11.12% over the displayed period

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