Bitcoin Price Drops: Here’s What’s Behind Today’s Decline

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Bitcoin's drop comes ahead key Federal Reserve interest rate decision, with a potential further decline that could take BTC price to $92,000.

Bitcoin’s price has dropped 4.75% a day after establishing its record high of around $108,365, and was trading for around $104,175 on Dec. 18.

The decline appears ahead of the United States Federal Reserve’s key interest rate decision, suggesting most Bitcoin traders are de-risking ahead of the event.


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