Bitcoin price
Bitcoin price stood at $92,483 on December 5 as of 6:56 am (IST), which is 0.92 percent dip in the last 24 hours, as uncertainty looms over a rate cut by the US Federal Reserve next week. In the morning session, the world’s largest cryptocurrency fell to $90,978 but recovered to hover around $92,000 levels.
Traders are pricing in an 87 percent chance of a December rate cut by the Federal Reserve.
Bitcoin climbed to a peak of $126,000 in October before tumbling to a low of $75,000 level in April.
The volatility has been observed across other tokens, too, with ETH down 1.48 percent, BNB 2.32 percent, SOL 4.19 percent, while ADA dipped 2.11 percent in the past 24 hours.
Check out prices of top cryptocurrencies on December 5 at of 6.56 am: