Bitcoin price today: pares gains after topping $97K heading for 2nd weekly loss

Bitcoin remained flat on Friday amid soft year-end trading volumes, while investors stayed cautious about the prospect of cryptocurrencies after the Federal Reserve turned hawkish last week.

Bitcoin fell 1.7% to $94,488.7 by 3:55 p.m. ET (20:55 GMT). The popular crypto had topped $97,000 earlier in the day.

Bitcoin pulled back on Thursday as markets seemingly responded to inaccurate chart data from TradingView.

The cryptocurrency dipped toward $95,000 after social media users flagged an anomaly on TradingView’s Bitcoin dominance chart, which incorrectly showed Bitcoin’s share of the total crypto market cap dropping to 0%.

Although the error was later corrected, it reportedly triggered sudden trading reactions that pushed the prices lower.

According to CoinGlass data, roughly $33 million in Bitcoin long positions were liquidated within four hours.