Bitcoin is fluctuating in the markets while falling to 102K.

Bitcoin Loses Value

Bitcoin has lost value during U.S. trading hours, falling below $102,000. Cryptocurrencies pulled back, erasing gains from the previous night.

Other Cryptocurrencies Also Affected

Important cryptocurrencies such as Ethereum, XRP, and Solana also experienced a decline of about 5%. This situation has negatively impacted cryptocurrency mining firms and stock indices.

Uncertainties in Federal Reserve Policy

Additionally, the likelihood of the Federal Reserve cutting interest rates in December has decreased. Senior officials are experiencing challenges in decision-making due to increasing disagreements between inflation risks and labor market risks.