For the first time since the end of April, the price of Bitcoin has fallen below the mark of 90 thousand dollars, according to trading platform data.
The price of the most well-known cryptocurrency dropped by 5.96 percent, reaching a minimum value of 89.55 thousand dollars.
The decline in value comes after a significant rise in early October, when Bitcoin reached a record high of 126.2 thousand dollars. The main reasons for the drop include uncertainty in the American economy, triggered by statements from Fed Chairman Jerome Powell regarding uncertainty about a possible interest rate cut in December. Additionally, the cooling of the stock market and the sell-off of stocks in the technology sector are negatively impacting the price.
