Bitcoin Magazine Bitcoin Price Plunges to $94,000, Hitting Six-Month Low as Macro Fears Mount

Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month.

By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep fall from October’s $126,296 all-time high, according to Bitcoin Magazine Pro data.

At the time of writing, the bitcoin price is at $94,850 but it bounced off of levels at $94,000.

The drop caps off a chaotic week across global markets, where risk assets, from tech giants to crypto stocks, have tumbled amid collapsing expectations for a Federal Reserve rate cut in December

See Full Page