Market reports linked the selloff to renewed fears that the BoJ will tighten monetary policy at its meeting this week, threatening the yen carry trade that funds risk assets.

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	Forwarded this email? Subscribe here for more Bitcoin plummeted below $85,000 today, but $600M in liquidations hides a much scarier macro catalyst Market reports linked the selloff to renewed fears that the BoJ will tighten monetary policy at its meeting this week, threatening the yen carry trade that funds risk assets. CryptoSlate Dec 16   READ IN APP   Happy Tuesday! Bitcoin plunged below $85,000 amid $600M liquidations tied to looming BoJ policy shifts threatening the yen carry trade, Ethereum faces existential warnings of irrelevance by 2030 due to complacency as Solana surges ahead, and XRP dipped under $2 following a staggering $721M dump from a 7-year-old whale wallet, signaling fragile markets despite institutional interest. Get the latest crypto news highlights below. The global crypto market cap is $2.96 trillion, with a 24-hour volume of $123.52 billion. The price of Bitcoin is $87,212.16, and BTC market dominance is 58.7%. The price of Ethereum is $2,935.68, and ETH market dominance is 11.9%. The best-performing sector is DeFAI, which gained 2%. The Crypto Fear & Greed Index is currently Extreme Fear (11). 📰 Top News Bitcoin plummeted below $85,000 today, but $600M in liquidations hides a much scarier macro catalyst Market reports linked the selloff to renewed fears that the BoJ will tighten monetary policy at its meeting this week, threatening the yen carry trade that funds risk assets. Ethereum is fighting for survival as insiders warn a “dangerous complacency” could make it irrelevant by 2030 Ethereum seeks accelerated innovation to regain its edge as Solana’s high-velocity activities challenge its dominance. XRP price falls under $2 after one 7-year-old wallet triggers a massive $721 million sell-off Despite institutional inflows, a long-held XRP wallet sees hefty profits, highlighting market’s fragile state. 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Learn more about N4T at n4t.io 🗞️ More News Bitcoin ETFs are 60% underwater, creating a $100 billion distressed house of cards Crypto investors gain critical protection in bankruptcy, even as a “conservative” rule threatens liquidity Bitcoin to Ethereum rotation narratives are lying to you unless they match this specific $480 billion signal I forced an AI to reveal its “private” thoughts, and the result exposes a disturbing user trap 7 reasons to lock in year-end visibility on CryptoSlate 👇 If your company wants meaningful reach in crypto to close 2025 strong, CryptoSlate is the safe, high-leverage choice. Here is why advertisers choose us: Trust that compounds. 8+ years operating with rigorous editorial standards, 24,000+ articles, cited by The New York Times, Reuters, Harvard Business Review, and more. Coverage where buyers live. Beyond news, our site spans asset profiles and directories of people, products, and companies. Being seen on CryptoSlate builds durable brand authority. 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