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Bitcoin temporarily dips below 100,000 USD reflecting market volatility

Bitcoin fell to a low of 98,760 USD, representing a 10,000 USD decline from a recent HIGH of 108,000 USD. This decline raised investor concerns amid increased market volatility.

A 0.25% cut in interest rates to 4.25%-4.5% triggered a dramatic 5.6% drop in Bitcoin prices. This marks the largest decline since early August, intensifying market instability.

The election of a pro-crypto president-elect and talks of a national Bitcoin reserve have slightly uplifted market sentiment amidst ongoing regulatory uncertainties.

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