Bitcoin Falls Below $100,000—Here’s Why
Topline
Bitcoin prices dropped below $100,000, a five-month low, on Tuesday, part of a broader decline for the crypto market over the last month as investors appeared to pull away from riskier assets while the Federal Reserve cautiously approaches interest rate cuts.
The leading cryptocurrency has pared back historical gains in recent weeks.
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Key Facts
The price of bitcoin decreased 6.4% over the last day to around $99,780, matching levels not seen since June, when the cryptocurrency last priced under $100,000.
Bitcoin (down 12.4%) has led a broader decline for crypto prices over the last seven days: Ethereum prices have dropped 20.8%, XRP fell 18%, BNB is down 19.2%, Solana has fallen 22.2% and the meme token dogecoin has cut…
