Bitcoin fell below the $100,000 level on Tuesday, its weakest price since late June in a broader crypto market correction. The move below that level was met with at least a bit of buying, though, with the price bouncing back to $101,300 within minutes
The largest cryptocurrency now has declined more than 20% from its record high above $126,000, hit just one month ago. It also made a new low below the crypto flash crash on October 10, which ranked as possibly the largest liquidation events in crypto history, taking BTC to $103,000 from above $120,000 in less than a day.
In the following weeks, recovery attempts fizzled out as bounces above $110,000 met with quick selloffs.
Among the more recent catalysts for the selling is the Federal Reserve's surprise hawkish surprise last week, with Jerome Powell and a growing number of his cohorts cooling expectations for another interest rate cut in December.
Read more: Bitcoin Careens Toward $100K as Morning Bounce Fails
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