Crypto market plunges as traders bet on the Federal Reserve to keep interest rates unchanged.

According to Odaily Planet Daily, Polymarket's prediction of the Federal Reserve maintaining interest rates unchanged in December has risen to 66%, with total trading volume reaching $119 million. Market data shows that BTC briefly fell below $89,000 and ETH fell below $1,900. In the past hour, $163 million in positions were liquidated across the network, mainly long positions.