Bitcoin plummeted below $85,000 today, but $600M in liquidations hides a much scarier macro catalyst

Bitcoin slipped below $85,000 overnight, triggering nearly $600 million in liquidated long positions across crypto markets within 24 hours as expectations mounted that the Bank of Japan will hike interest rates this week. As of press time, Bitcoin traded at $85,694.96. The drop wiped out $218.7 million in Bitcoin long positions and $213 million in The post Bitcoin plummeted below $85,000 today, but $600M in liquidations hides a much scarier macro catalyst appeared first on CryptoSlate.