Bitcoin prices fell sharply on Monday, slipping to their lowest level in six months as hopes of a US Federal Reserve rate cut weakened.

The world’s biggest cryptocurrency is currently trading at $94,859.62, down by 1.04% over the last day.

SHARP WEEKLY FALL WIPES OUT THIS YEAR'S GAINS

The cryptocurrency has now lost more than 10% in the past week, marking its third straight weekly decline.

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