Bitcoin falls 5% in volatile trade around $96,000 as sell-off intensifies

Bitcoin fell sharply on Friday, dropping below $93,000 before rebounding to trade around $96,809.61 in volatile conditions. The cryptocurrency, which recently hit an all-time high above $108,000, saw a 5% decline from the previous day’s price of over $102,000. The market downturn was attributed to broader investor caution towards risk assets following the Federal Reserve’s announcement of fewer interest rate cuts next year, impacting both equity and crypto markets.

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