Bitcoin fell toward $96,000 on Friday, marking a six month low amid a broad selloff in risk assets and reduced expectations for a US Federal Reserve rate cut in December. Tech stocks led a global market retreat as worries over stretched AI valuation persisted, with the reopening of the US government failing to lift sentiment. Investors also grew cautious as mixed views among Fed officials dampened hopes for a cut next month. Traders now assign only a 51% chance of a reduction, down sharply from over 95% a month earlier. Cryptocurrencies struggled to rebound from October’s flash crash that sparked record liquidations and deleveraging, reflecting ongoing risk aversion. Adding pressure, reports emerged of potential Japanese regulations aimed at cryptocurrency treasury companies.
