Why is the Crypto Market Down Today? Bitcoin Drops to $93,000 on Potential $6.5 Billion Sell-Off

The total market capitalization of the cryptocurrency space has dropped by more than $60 billion over the last 24-hour period over a combination of factors, including reduced expectations of Federal Reserve interest rate cuts and a potential massive BTC sell-off from the U.S. government. Equities markets started dropping earlier in the week after job openings […] source: https://www.cryptoglobe.com/latest/2025/01/why-is-the-crypto-market-down-today-bitcoin-drops-to-93000-on-potential-6-5-billion-sell-off/