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Why Bitcoin Is Down: Prices Slip Below $100,000 for First Time Since June
After months of record-breaking gains, Bitcoin’s rally has come to a halt. The world’s largest cryptocurrency slipped below $100,000 on Tuesday for the first time since June, as investors retreated from digital assets amid renewed uncertainty over the Federal Reserve’s next policy move. The decline marked a five-month low for Bitcoin, which fell 6.4% in the last 24 hours to around $99,705. The drop followed a broader downturn across the cryptocurrency sector, which has erased nearly $880 billion in total market capitalization over the past month, according to CoinMarketCap data. Bitcoin’s retreat mirrors a ... (full story)