Bitcoin Falls to $93,000 as December Fed Rate Cut Probability Drops to 40%, Sparking $615M in Liquidations

Bitcoin dropped to $93,000 during Asian trading Monday, marking its sharpest decline since March. The move came as traders scaled back expectations for a December Federal Reserve rate cut to roughly 40%, down from over 60% a week earlier. Data show the selloff triggered $617.45 million in liquidations across cryptocurrency markets within 24 hours.