Citing Bpaynews, global markets experienced a sharp decline as expectations for near-term Federal Reserve rate cuts diminished, triggering a broad risk-off sentiment. Bitcoin briefly fell below $98,000 and later traded near $95,000 amid ETF outflows, resulting in an estimated $1.1 billion in liquidations. Ether dropped roughly 9%, while major altcoins declined 8–12%. The S&P 500 fell 1.66%, and the Dow lost around 800 points as investors rotated away from high-beta tech. Tariff refund claims traded at 10–25 cents on the dollar due to legal delays, and Switzerland pushed to reduce 39% tariffs. Meanwhile, AMD targeted up to 50% server CPU market share, intensifying pressure on Intel.
Bitcoin Slides Below $98,000 Amid Fading Fed Cut Odds and Market Volatility
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