Bitcoin falls below $100K for first time in six months as market slides

Bitcoin has dipped to the lowest price in the last six months and is trading below $100,000.

Experts have warned investors that the 2025 highs that cryptocurrency reached might not be revisited this year, adding, “Now, a steady ascension over the course of the coming year is expected.”

Total crypto market cap has fallen 3.8% to $3.41 trillion as macroeconomic uncertainty looms and long-term holders start selling streak.

The trading volume of bitcoin has increased throughout the dip meaning that the price drop is due to selling instead of investor drift.

All the major U.S. stocks tumbled as the S & P 500 was down by 1.7 per cent and Nasdaq-100 plunged by 2 per cent.

Experts believe that the market shift is driven by the decreasing chances of Fed cutting rates in December. The probability has dropped from 72 per cent to 50 per cent within a week.

Federal Reserve Bank of Minneapolis President Neel Kashkari said, “The anecdotal evidence and the data we got just implied to me underlying resilience in economic activity, more than I had expected.”

He continued, “I can make a case depending on how the data goes to cut, I can make a case to hold, and we’ll have to see.”

CryptoQuant CEO Ki Young Ju has shared the possibility of Bitcoin dipping to $94,000, stating, “I would rather wait than jump to conclusions.”