Bitcoin witnessed significant volatility on Friday, trading around US$97,000 after earlier losses.

The cryptocurrency dipped below US$93,000 earlier on Friday before rebounding as market sentiment remained cautious.

Bitcoin is close to its value from 24 hours earlier, but it is still down from a peak above US$108,000 earlier this week.

These market shifts coincide with general market unease, following signals from the United States Federal Reserve indicating fewer interest rate cuts next year.

This change has affected equity markets and influenced cryptocurrency investments.