Bitcoin Crash Erases $89 Billion as Fed Rate Hike Odds Jump to 44%
- —Market cap fell 3.2% to $2.71 trillion, wiping out $89.36 billion
- —BTC slid to $80,226, down 3.5% in 24 hours
- —U.S. inflation rose to 3.7% year over year from 3.4% in August
- —Liquidations hit $972.46 million across 182,574 traders, 91.7% longs
Why it matters: A daily close below $80,000 could push the average spot Bitcoin ETF holder into a loss and expose the $78,000 support.
Source: Cryptonews.net