Bitcoin Updates: Federal Reserve's Ambiguity Triggers $617 Million in Crypto Sell-offs as Bitcoin Drops

Bitcoin's Sharp Decline Sparks $617 Million in Liquidations Amid Fed Policy Uncertainty

On Monday, Bitcoin tumbled to $93,000,

throughout the crypto sector, with $394.50 million coming from long positions. The downturn, fueled by diminishing hopes for a Federal Reserve rate cut in December, rattled both digital asset and traditional markets. Bitcoin's losses intensified during Asian trading, with the largest single liquidation erasing a $30.60 million position on Hyperliquid. over the past day, reaching $95,081, while to $3.31 trillion.

The volatility spilled over into global equities, prompting a shift toward safer assets.

after Friday’s declines, and European indices such as the DAX and FTSE 100 dropped by 1.39% and 1.05%, respectively. , with Japan’s Nikkei 225 losing 1.77%. to changing expectations for Fed policy, as the probability of a December rate cut fell to 40% from over 60% the previous week.

that a December rate cut is "not a given" have heightened market uncertainty. , have urged caution, pointing to limited data on inflation and employment due to government shutdown effects. This cautious stance has unsettled investors in high-risk assets such as , which had previously surged on expectations of looser monetary policy. as institutional investors scaled back, adding to the downward momentum.

The recent selloff has wiped out $1 trillion from the crypto market since its October high,

of $103,227—meaning the average buyer that year faces a 13% loss. , with BitMex founder Arthur Hayes forecasting a potential slide to $80,000–$85,000 amid worsening liquidity and economic challenges. "The crypto market has established lower local lows, confirming the bearish trend," said FxPro’s Alex Kuptsikevich, .

will provide insight into policymakers’ differing opinions ahead of the December meeting. , support easing, others like St. Louis President Alberto Musalem urge restraint. of a December rate cut, down from 70% just a week earlier. , as both crypto and stocks remain sensitive to shifts in monetary policy.