Bitcoin Plunges Below $110K as Fed Hawks and Trade Jitters Trigger $120B Wipeout
Fed delivers 25 bps cut but pours cold water on 2026 easing bets.
Trump–Xi handshake yields no tariff rollback, stoking supply-chain panic.
$820M in futures liquidations accelerate the steepest single-day drop since February.
Bitcoin sliced through $110,000 like a hot knife through butter Wednesday afternoon, capping a brutal 36-hour rout that erased $122 billion from the total crypto market cap. The trigger? A one-two punch of monetary restraint and geopolitical disappointment that left over-leveraged bulls scrambling for the exits.
