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Bitcoin fell on Wednesday, extending losses for the third consecutive session, dropping further from the $100,000 mark and hitting a weekly low amid growing risk aversion in global markets.
The decline coincided with a rally in U.S. 10-year Treasury yields, as strong economic data from the U.S. diminished the likelihood of another Federal Reserve rate cut in January.
Traders now await the release of the Federal Reserve's latest meeting minutes later today, which may offer insights into future monetary policy and interest rate decisions for the year.
