Hawkish comments from Federal Reserve official Christopher Waller, who signaled a possible near-term interest rate hike, rattled markets across asset classes. Bitcoin fell sharply alongside stocks and bonds as investors repriced expectations for tighter monetary policy. The cryptocurrency slipped below $63,000 during an Asian trading session, driven in part by a flush of leveraged positions. However, the associated liquidations were relatively contained, amounting to roughly one-sixth of the peak levels recorded over the prior 30 days, according to data from CoinGlass. The broad-based decline highlights how sensitive risk assets remain to Federal Reserve signaling, with the prospect of higher rates weighing on both traditional and digital markets. The modest scale of the liquidations suggests the sell-off, while sharp, did not trigger the kind of cascading forced selling seen during more severe recent downturns.
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