Bitcoin (BTC) Price: Falls Below $100K for First Time Since June

Bitcoin (BTC) has fallen below the $100,000 mark for the first time since late June, marking a significant drop of over 20% from its record high of more than $126,000 reached just a month ago. This decline is part of a broader market correction that has seen Bitcoin's price plummet following several failed attempts to recover after earlier dips. While the price briefly dipped below $100,000, it bounced back to approximately $101,300 shortly thereafter. Factors contributing to this decline include a recently hawkish stance from the Federal Reserve, which has cooled expectations for interest rate cuts, along with significant sell-offs across the crypto market. The latest movements in Bitcoin's price also suggest a potential tightening of market conditions, reflecting broader financial trends affecting crypto assets.

Source 🔗