Bitcoin Price Drops Under $102K As US Demand Weakens and Federal Reserve Debates Rate Cuts

The price of Bitcoin (BTC) has experienced a significant decline, falling below the $102,000 threshold. This downward movement is primarily driven by weaker-than-expected demand from US-based investors. Adding to the market uncertainty, the US Federal Reserve appears divided on the decision to implement an interest rate cut in December, creating a cautious environment for cryptocurrency investments.