Bitcoin Below $90K, Markets Turn Cautious Ahead of U.S. Data and BOJ Decision
CoinDesk
Bitcoin dipped below $90,000 amid low liquidity and caution ahead of key U.S. economic data and a Bank of Japan policy meeting.Summary
Bitcoin traded below $90,000 on Sunday, reflecting limited investor risk appetite due to quiet trading conditions and anticipation of significant macroeconomic events. The largest cryptocurrency was near $89,600, while major altcoins like Solana and XRP showed persistent weakness. The market awaits crucial U.S. employment and inflation data, as well as the Bank of Japan's (BOJ) policy meeting, where a widely expected interest rate hike could impact yen-funded carry trades supporting global risk assets. Analysts note that $86,000 is a critical support level for Bitcoin, warning of deeper pullbacks if it fails.
(Source：CoinDesk)