ByTy Roush,
Forbes Staff.
Bitcoin prices dropped below $104,000 on Tuesday, headlining a broader decline for the crypto market over the last month as investors appeared to pull away from riskier assets while the Federal Reserve cautiously approaches interest rate cuts.
The price of bitcoin decreased 3.78% over the last day to around $103,970, matching a low reached last month and nearing levels not seen since June, when the cryptocurrency last priced under $100,000.
Bitcoin (down 10.3%) has led a broader decline for crypto prices over the last seven days: Ethereum prices have dropped 16%, XRP fell 15.2%, BNB is down 17.5%, Solana has fallen 20.5% and the meme token dogecoin has cut 20.1%.
