#MarketPullback
Bitcoin fell on Friday, along with riskier assets, as hopes of a US interest rate cut faded, dampening investor appetite.
The price of the largest cryptocurrency fell to a low of $115,122, its lowest level since July 11. The price of Ether , the second-largest digital currency, fell by nearly 3%, while XRP fell by 5.3%.
Bitcoin hit a record high of $123,205 last week, continuing a steady upward trajectory driven by optimism about the US regulatory environment and strong inflows into cryptocurrency investment products.
“The overall uptrend is still intact, but momentum has slowed and traders are operating with caution,” said
Rachel Lucas, a cryptocurrency analyst at BTC Markets.