Bitcoin drops 17% from all-time high to slip under $105,0000
Bitcoin has dropped around 17% from its all-time high to $103,901 as of 2:30 pm on Tuesday, according to cryptocurrency price tracker CoinMarketCap. The world's largest cryptocurrency has plunged more than 9% over the past seven days. The latest decline comes after US Fed Chair Jerome Powell cautioned that another rate cut in December isn't guaranteed.