Bitcoin crashed to a six-month low this week, dipping to just above $96,000 by Friday morning.
The cryptocurrency has slid from over over $140,000 last month, and fallen nearly eight percent over the last five days alone, showing that investors are now racing to liquidate their holdings.
There are likely several factors at play. For one, economic uncertainty over possible changes to interest rates has already triggered a major tech selloff this month. (It’s worth noting, though, that crypto was long seen as a hedge against stocks — but is now falling in tandem with gold and the stock market.)
Investors could also be deprioritizing volatile assets like crypto in light of traders predicting that there’s only a 50 percent chance the Federal Reserve will cut interest rates. A cut is usually

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