Bitcoin dropped almost 7% for a short while a day after an historic surge past $100,000 led some traders to hedge for a retreat.
The digital asset fell as low as $92,144 on Friday before steadying at $97,325 at 9:05 a.m. in Singapore. Volatility hit the wider crypto market too amid a hiatus in a rally fueled by President-elect Donald Trump’s embrace of the sector.
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