Bitcoin $BTC
experienced a price decline of 2.59% over the past 24 hours, with the current Binance price recorded at 86,384.83 USDT, down from a 24-hour open of 88,510.16 USDT. This decrease is primarily attributed to heightened market volatility following the U.S. Federal Reserve's recent 25 basis point rate cut and expectations of a 25 basis point rate hike by the Bank of Japan, both of which are influencing liquidity conditions. Additionally, sharp price dips below $87,000 led to significant liquidations, with approximately $200 million in long positions closed within an hour, further intensifying short-term volatility. Despite this, Bitcoin continues to show strong market capitalization around 1.71 trillion, a circulating supply near 19.96 million BTC, and substantial trading volume, indicating active market participation amid ongoing price fluctuations.