BTC Surges 2.17% to $89K Amid $520M Liquidations, BlackRock Transfer, and Fed Rate Cuts Bitcoin (BTCUSDT) has experienced heightened volatility in the last 24 hours, with a 2.17% price increase on Binance, currently trading at $89,842.69.

This movement is attributed to a combination of factors including $520 million in long position liquidations, ongoing Federal Reserve rate cuts, and central bank policy changes impacting investor sentiment and market dynamics. Additional influences include significant institutional activity such as BlackRock's $182 million Bitcoin transfer, corporate adoption, and global macroeconomic signals like Japan's rising bond yields. Bitcoin is currently trading near the $90,000 mark with strong trading volume on Binance exceeding $1.04 billion, a 77.3% daily increase in global BTC volume, and market capitalization at approximately $1.79 trillion.$BTC

BTC

88,731.05

+0.38%