Bitcoin’s slide below $81,000 exposes why a Fed pause may not save the crypto market

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Bitcoin fell below $81,000 as more than $1.1 billion in crypto positions were liquidated, underscoring broad market stress. The reports point to leverage unwinds and risk-off sentiment—not just expectations for Federal Reserve policy—as key drivers of the decline. A pause in rate hikes may therefore offer limited support if liquidity remains weak and investors continue reducing exposure.

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