Phantom Wallet rolls out on-chain debit card to U.S. users

Bitcoin's price has plunged below $86,000, marking a significant decline as the cryptocurrency market continues to show weakness, particularly during U.S. trading sessions. This drop follows a trend where Bitcoin tends to fall as American stocks trade, reflecting ongoing bearish sentiment.

Bitcoin's price has fallen below $89,000 as of Sunday, driven by low liquidity and weakness in altcoins, alongside traders' caution ahead of significant U.S. and global economic data releases. This decline reflects a broader bearish sentiment in the cryptocurrency market.

As U.S. pressure against Venezuela intensifies, bettors on Polymarket are speculating on the timing of President Nicolás Maduro's exit from power. The prediction market reflects a negative sentiment regarding the political climate in Venezuela, influenced by external factors such as U.S. sanctions and diplomatic efforts.

The Bank of Japan is poised to increase interest rates to a 30-year high, a move that could significantly impact the cryptocurrency market, particularly Bitcoin, as rising rates and a stronger yen threaten carry trades. This development comes amid a backdrop of easing monetary policy in the U.S., which has previously influenced Bitcoin's price dynamics.