Bitcoin falls to six-month low as investors turn risk averse
Business
Bitcoin dropped Friday – trading below $96,000 for the first time in over six months – as traders backed off risky assets amid dwindling hopes for an interest-rate cut next month. The cryptocurrency had fallen nearly 4% to $95,721.83 as of 2:30 p.m. ET — putting it on track for its third weekly decline in a row. Bitcoin, the world’s largest cryptocurrency, has plunged nearly 24% since its peak in October. It is still up about 2.7% so far this year. “Once the price fell below the crucial $100,
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