Bitcoin (BTC) fell to 92,000 USD, down 15% from its highest point. The currency experienced a brief recovery to 96,000 USD but remains down 1.5% for the day according to Rekt Capital.
Over the past 24 hours, crypto liquidations reached 1.4 billion USD. Wealthy investors, primarily on Coinbase, are selling amidst negative premiums between BTC/USD and BTC/USDT on Binance, dampening market morale.
Recent PCE data reports inflation at 2.4%, below the expected 2.5%, providing slight relief. The CME Group indicates only a 10.7% chance for Fed rate cuts in January, suggesting market vigilance towards monetary policy.
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