Goldman Sachs is out with its near-term forex outlook
Investing.com-- Bitcoin climbed off the lows of session Monday as a dip below $92,000 attracted dip buyers.
Bitcoin rose 0.6% to $94,639 by 3:35 p.m. ET (20:35 GMT). The popular crypto had dropped below $92,000 earlier in the day.
Bitcoin fall below $92,00 intraday followed two weeks of consecutive losses following concerns about fewer Federal Reserve rate cuts next year.
Bitcoin finds support following dip below $92,000
Bitcoin pared losses after falling to a more than a month low $91,522 as dip buyers emerged.
Still, the popular crypto is down 13% from its record of $108,278 seen Dec. 17.
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Other cryptocurrencies rose slightly on Friday but were set for weekly losses as demand for speculative assets remained subdued after the hawkish Fed spurred liquidity concerns.
World no.2 crypto Ether was 1.3% higher at $3,402.49, after falling nearly 5% in the previous day.
World no.3 crypto XRP fell 1.1% $2.1119 and was set to fall nearly 4% the week.
Solana added 1.6% and Polygon climbed 0.5%, while Cardano rose 3.3% to $0.8746. Among meme tokens, Dogecoin added 1.4%.