Bitcoin price news: BTC under $88,000 ahead of Fed week and Big Tech earnings
CoinDesk
Bitcoin dropped below $88,000 as crypto markets weakened ahead of the Federal Reserve's rate decision and major tech earnings reports.Summary
Bitcoin fell below the $88,000 mark on Sunday amid thin weekend trading, extending a recent pullback, with BTC trading around $87,800. Ether, solana, XRP, and cardano also experienced losses, contributing to $224 million in liquidations on bullish bets. Market sentiment is fragile, influenced by positioning adjustments and broader macro concerns, including political risk in the U.S. regarding a potential government shutdown. Attention is now focused on the upcoming week, which features the Federal Reserve's expected decision to hold rates steady and an earnings season dominated by megacap technology firms.
(Source：CoinDesk)