Bitcoin slides to $83K as Fed fears and liquidations deepen
Bitcoin fell over 9% to around $83,500 as hawkish Fed commentary and a strong jobs report crushed rate-cut hopes. Tom Lee warned that the Oct 10 liquidation event severely damaged market-maker balance sheets. Broader crypto markets plunged, with Ethereum down 10%, XRP off 9%, and major tokens like Solana, BNB, and Dogecoin dropping sharply.