"Bitcoin price endured another grim weekend, bleeding from the low-$92,000 range on Thursday to weekend lows near $87,000 as thin liquidity and sell pressure weighed on risk appetite. The move below $90,000 came during typically illiquid Sunday trading, amplifying downside volatility as traders positioned cautiously ahead of a dense slate of U.S. economic data and central bank events this week."
"Macro overhangs remain front and center. In the U.S., traders are bracing for employment data, inflation prints, PMI readings and Fed commentary that could reshape rate expectations. Globally, attention is turning to Japan, where the Bank of Japan is widely expected to raise rates later this week - an event that could pressure yen-funded carry trades that have helped support risk assets, including bitcoin, over the past year."
Bitcoin price slid from the low-$92,000 range to weekend lows near $87,000 as thin liquidity and sell pressure reduced risk appetite. The drop below $90,000 occurred during illiquid Sunday trading, amplifying downside volatility ahead of major U.S. economic releases and central bank events. Major altcoins including Solana, XRP, Dogecoin and Cardano extended double-digit monthly losses while volumes remained muted; bitcoin dominance was near 57% of total crypto market capitalization. Markets await U.S. employment, inflation, PMI and Fed commentary, while a likely Bank of Japan rate hike could pressure yen-funded carry trades. Technically, a break below the mid-$80,000s could invite a deeper correction.
Read at Bitcoin Magazine
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