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Bitcoin Drops Below $85K, Triggering $562M in Liquidations Amid Volatility

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BTC
$88,647.500.35%
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ETH
$2,987.00-0.11%
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SOL
$125.39-0.76%
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XRP
$1.92667-0.85%
Bitcoin news broke Thursday as the price fell below $85,000, sparking a market-wide selloff and $562 million in liquidations. Ethereum and Solana both dropped, with Solana hitting multi-month lows. Bitcoin ETFs saw outflows, while XRP and Solana ETFs gained slightly. Bitcoin analysis shows its realized capitalization hit a record $1.125 trillion. A slight rebound followed U.S. inflation data, but central bank moves kept uncertainty high. The Bank of England cut rates, while the Bank of Japan is expected to raise them, possibly affecting liquidity and prices.
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