#MarketCorrectionBuyOrHODL
Bitcoin Tests $100,000 After Fed Spurs Worst Drop Since September
1-Fed’s signal of fewer rate cuts sent a shudder across markets
2-Largest digital asset endured losses amid a rise in volatility
Bitcoin fluctuated on either side of $100,000 as the Federal Reserve’s cautious outlook for interest-rate cuts hurt speculative investments.
The largest digital asset fell around 1% to $99,588 as of 10:37 a.m. in New York. It fell as low as $98,760 earlier in the day — about $10,000 shy of the record high set earlier this week — but retook the six-figure level before dropping again. Other crypto tokens such as Ether and meme-crowd favorite Dogecoin also struggled