#MarketRebound Why is Bitcoin price down today?

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

BTC

tickers down

$98,464

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.$BTC

BTC

98,631.92

+6.08%

$BNB $USUAL