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 $97,851 as of 6:05 a.m. in London. Volatility hit the wider crypto market too amid a hiatus in a rally fueled by President-elect Donald Trump’s embrace of the sector.
