Bitcoin Slips to $112K as Fed Rate Cut Looms — Long Bets Face Heavy Liquidations

Bitcoin’s Tuesday mood was anything but ￰0￱ hovering comfortably around $115,500, the orange coin slipped on a banana peel, tumbling to an intraday low of $112,349. That’s a 1.8% drop against the ￰1￱ as traders braced for the Federal Reserve’s expected rate cut. Bitcoin’s Pre-Fed-Day Jitters Wall Street, meanwhile, was in a better