Bitcoin Slides Below $93K in Volatile Trading, Down 8% From All-Time High Above $108K

Benzinga

Bitcoin fell sharply Friday, sliding below $93,000 before recovering slightly in volatile trading. The cryptocurrency was down 8% off its recent all-time high above $108,000 earlier this week. The drop followed Federal Reserve signals of fewer rate cuts next year, which weighed on equity and crypto markets. Bitcoin's price has more than doubled this year, driven by the launch of spot ETFs and Donald Trump's pro-crypto policies following his presidential election victory. The rally has cooled amid broader investor caution. Other cryptocurrencies also tumbled, with Ether down 12% and XRP plunging 10%.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin fell sharply Friday, sliding below $93,000 before recovering slightly in volatile

00:07trading. The cryptocurrency was down 8% off its recent all-time high above $108,000 earlier this

00:13week. The drop followed Federal Reserve signals of fewer rate cuts next year, which weighed on

00:18equity in crypto markets. Bitcoin's price has more than doubled this year, driven by the launch of

00:23spot ETFs and Donald Trump's pro-crypto policies following his presidential election victory.

00:28The rally has cooled amid broader investor caution. Other cryptocurrencies also tumbled,

00:33with Ether down 12% and XRP plunging 10%.

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