Bitcoin drops 10% amid profit-taking and market volatility

Bitcoin fell as much as 10% over two days, dropping to $95,564 after reaching a record high of $108,315 earlier in the week, according to Bloomberg. The downturn, attributed to year-end profit-taking and reduced risk appetite following the U.S. Federal Reserve’s hawkish stance, also impacted smaller tokens like Ether (-15%), XRP (-17%) and Dogecoin (-25%). Analysts noted the selloff is typical of bull market corrections, with some viewing the dip as a buying opportunity. Despite the pullback, Bitcoin remains up over 130% for the year, maintaining bullish sentiment in the crypto community.