Investors in Bitcoin are waking up to another bad morning for the world’s preeminent cryptocurrency. As of the time of this writing, the price of one token is down 6.55% in the last 24 hours to just above $95,000 per coin.

It’s a low that Bitcoin has not seen since May.

Today’s selloff continues a monthlong trend in which Bitcoin has now lost about 20% of its value. But what’s driving this most recent selloffs? Two culprits are most likely at play.

Uncertainty of Fed rate cuts

Next month, the Federal Reserve is expected to announce a decision on whether it will change interest rates. The Fed has three options: increase rates, hold rates at current levels, or cut (decrease) rates.

Until recently, Wall Street was pretty bullish about the likelihood that the Fed would cut rates in Decemb

See Full Page