Bitcoin dropped Friday – trading below $96,000 for the first time in over six months – as traders backed off risky assets amid dwindling hopes for an interest-rate cut next month.

The cryptocurrency had fallen nearly 4% to $95,721.83 as of 2:30 p.m. ET — putting it on track for its third weekly decline in a row.

Bitcoin, the world’s largest cryptocurrency, has plunged nearly 24% since its peak in October.

Bitcoin dropped Friday, at one point trading below $96,000 for the first time in over six months. REUTERS

It is still up about 2.7% so far this year.

“Once the price fell below the crucial $100,000 level, it confirmed a descending channel that had been forming since mid-October, right after the massive liquidations,” Arthur Azizov, founder and investor at B2 Ventures, told The Post.

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