Bitcoin Plummets: Asia Markets React to Fed Signals and Crypto Liquidations

Описание: Asia markets opened with a cautious tone as Bitcoin experienced a sharp drop to $93,000, its biggest decline since March. Traders' expectations of a US rate cut in December have diminished, impacting global stocks. The crypto market cap fell below $3.3 trillion, with Bitcoin and Ether leading the decline. Europe and Asia followed suit with mixed reactions. Rate expectations kept risk sentiment in check, pushing investors towards safer assets. Crypto markets struggled for support as spot ETF outflows increased. Japan's potential regulatory changes could impact crypto trading. Equity traders await earnings and US data for further rate insights. The next move in Bitcoin's trajectory depends on institutional conviction. Stay tuned for more market updates!