Bitcoin fell below $96,000 on Friday for the first time in over six months, marking a nearly 24% decline since its October peak.

Traders pulled back from risky assets amid fading hopes for a Federal Reserve interest-rate cut in December, with the odds of a quarter-point reduction dropping to 45.9%.

Ether also fell nearly 2% to $3,169.39, while tech stocks saw mixed movements after a recent rout.

Uncertainty was heightened by the potential skipping of some October economic data, which the Fed relies on for rate decisions, the New York Post has reported.

Analysts warned that Bitcoin could see further volatility but noted it may present buying opportunities if prices continue to weaken.