Bitcoin is experiencing fluctuations in the markets as it drops to 102K.

Bitcoin Loses Value

Bitcoin has lost value during United States trading hours, dropping below the $102,000 level. Cryptocurrencies retreated, wiping out their gains from the previous night.

Other Cryptocurrencies Are Also Affected

Major cryptocurrencies like Ethereum, XRP, and Solana also experienced a value decrease of around 5%. This situation negatively impacted cryptocurrency mining companies and stock indices as well.

Uncertainties in Federal Reserve Policy

Furthermore, the likelihood of the Federal Reserve making a rate cut in December has decreased. Senior officials are finding it challenging to make decisions due to increasing disagreements between inflation risk and labor market risk.