Bitcoin below $90,000: BOJ policy, weak sentiment drive crypto fall

• Bitcoin price dropped below $90,000, reaching $89,608 on December 15, a 0.62% decline in 24 hours.
• The decline is linked to high leverage, weak market sentiment, and consolidation, with its market cap falling by $130 billion.
• Anticipated monetary policy tightening by the Bank of Japan is a key factor, historically causing 20-30% drops in Bitcoin.
• Global liquidity reduction from the Bank of Japan's policy is increasing pressure on risk assets, including cryptocurrencies.
• Traders in Asia are exercising caution due to tightening monetary policies in the region, contrasting with easing in the West.

Why It Matters: Global economic policies and sentiment are impacting crypto investments.