Bitcoin (BTC) Price: Falls Below $100K for First Time Since June
CoinDesk
Bitcoin dropped below $100,000 on Tuesday, marking its lowest price since June amid a worsening crypto market correction.Summary
Bitcoin (BTC) fell below the $100,000 mark on several major exchanges like Coinbase, Gemini, and Kraken on Tuesday, representing its weakest price point since late June amid a broader cryptocurrency market correction. This decline means the largest cryptocurrency has now fallen over 20% from its record high above $126,000 achieved just one month prior. The drop also surpassed the low point seen during the October 10 flash crash. Recent selling pressure has been partly attributed to the Federal Reserve's hawkish stance last week, which cooled expectations for an interest rate cut in December.
(Source：CoinDesk)