Bitcoin fluctuated around $97,000 on Friday after dipping below $93,000 earlier, now trading at $96,597.36. Despite reaching an all-time high above $108,000 earlier this week, it has seen aggressive sell-offs due to recent Federal Reserve warnings about fewer interest rate cuts next year. The cryptocurrency has more than doubled in value this year, driven by the launch of spot exchange-traded funds and Donald Trump’s pro-crypto election win, which boosted prices. However, the Fed’s influence has caused setbacks in both equity and crypto markets, with other cryptocurrencies like Ether also experiencing declines.
