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.