Bitcoin price drops to $96k due to geopolitical tensions and profit-taking

From Investing.com

December 10, 2024 01:13:34 AM:

Bitcoin faced losses as geopolitical tensions rose, dropping 2.6% to $96,870.6. Profit-taking and falling risk appetite were factors in the decline, with Wall Street also seeing losses. Trump’s crypto policy plans and doubts about regulatory support added to market uncertainty.

Google’s quantum computing breakthrough raised concerns for crypto security. Deloitte estimated $40 billion worth of Bitcoin could be at risk from quantum attacks. Altcoins followed Bitcoin’s slide, with Ethereum falling 6.1% to $3,702.02, and XRP dropping nearly 13%. Other tokens also saw significant declines.

Read more at Investing.com: slides to $96k amid broader crypto rout By Investing.com