Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.
Bitcoin has seen its first significant weekly price fall since Donald Trump’s election win kicked off a rally that sent the cryptocurrency soaring over six figures.
Bitcoin (BTC) has dropped 10% on the week ending Dec. 22 to close at $94,645, shaving around $10,500 from its starting point of $105,185, according to TradingView.
Its fall comes after the Federal Reserve’s Federal Open Market Committee slimmed the number of projected interest rate cuts for next year from five to two after its third cut in a row.
