Bitcoin (BTC) continues to grapple with sustaining its position above crucial support levels following a weakened weekly close. As the holiday period approaches, BTC struggles are within the mid-$90,000 zone, with a bearish momentum dominating the current price action.

The Fed on Wednesday delivered a third straight interest-rate cut while signaling a slower pace of monetary easing next year to keep inflation in check, sending global stocks into a tailspin

Bitcoin pared earlier losses after capping its first weekly decline since Donald Trump’s election victory, while many smaller tokens turned higher on the day. The largest digital asset was down 1.2% at about $93,