The digital currency Bitcoin fell below the 100,000 dollar mark today, before recovering somewhat.
The reason is the news that the US central bank will reduce interest rates less sharply next year, which will weigh on speculative investments.
As a result, Bitcoin, the largest digital currency, drops to $98,760. Earlier this week, the cryptocurrency was worth $10,000 more. Other digital coins also fell in value.
Since Donald Trump’s election victory, the value of Bitcoin has increased by about 50 percent. The most famous cryptocurrency in the world relies on Trump’s promises to make the next US president “the crypto capital of the planet”. He also talked about creating a strategic national reserve of bitcoins.
Bitcoin recovered after the dip to trade at $101,280.
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