Bitcoin Falls Below $96K as Fed Rate Uncertainty Sparks Market Sell-Off
Bitcoin slid under $96,000 as stock markets extended losses, with major technology names seeing their steepest drop in more than a month. The sell-off in equities fed into crypto, erasing recent gains and prompting increased volatility across major exchanges as traders adjusted positions.
Market-implied odds of a Fed rate cut have fallen to roughly 52%, removing a key support factor for risk assets and tightening liquidity expectations. That shift pushed investors toward safer assets and amplified downside pressure on Bitcoin, highlighting the crypto market’s sensitivity to macro signals; volume spikes on exchanges suggest stop-loss cascades likely contributed to the rapid decline. Traders will be watching whether BTC can stabilize near the mid-$90k area as macro clarity around Fed policy and tech earnings evolves.