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Bitcoin Price (BTC) falls below $ 97K while rally failed



The rally in Bitcoin (BTC) and crypto from tariff-induced panic on the weekend has proven to be a short life.

Late on the day of the US trade, Bitcoin dropped 4.8% in the past 24 hours to $ 96,900 after rising to just $ 101,000 levels two hours before.

Most of the Altcoin sectors are worse, including Solana (Sol), (XRP), Cardano (ADA) and chainlink (link) sports decline of 6%-10%. Ether (Ether) is less than 5.3%.

The start of the late collapse today appeared to coincide with a crypto-related conference held by the White House Crypto and AI Czar David Sacks next to the leaders of major Senate and Home committees.

It is hoped that the press conference will be center on the instances of a strategic Bitcoin reserve damaged as the discussion centered Almost exclusively on regulation and platitude objects.

Bitcoin was mentioned at the end of the press conference, when – in response to a question – Sacks said a White House working in the White House in Crypto looks at the feasibility of a strategic bitcoin reserve. Asked if the Executive Order yesterday created a Sovereign wealth fund means something for Bitcoin, postponed by Sacks, saying that a question for nominee of commercial secretary Howard Lutnick (who, along with Treasury’s Treasury Secretary that Scott Bescent will lead the SWF).

So far, it appears that Bitcoin can set up for a retest of Sunday night at the bottom of the $ 92,000 level. Possible bullish or bearish in the end will be a job report in US January Friday. A soft number may have market participants pricing the Federal Reserve Rate Cut at Outlook that can prove a boon at prices. However, another strong printing, may have the pricing of investors at an increase rate at some point this year – without the other force, a headwind at prices.



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