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

Bitcoin’s Tuesday mood was anything but golden. After 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 U.S. dollar as traders braced for the Federal Reserve’s expected rate cut. Bitcoin’s Pre-Fed-Day Jitters Wall Street, meanwhile, was in a better