Bitcoin's price fell below the $100,000 mark on Thursday, settling at $98,655.49, following the inclusion of a hemp ban in the U.S. government funding bill. The unexpected provision, which aims to address a loophole in the 2018 Farm Bill allowing hemp products with high THC levels, has sparked concerns over its impact on the $28 billion hemp industry and 300,000 jobs. The move, supported by Senator Mitch McConnell, faced criticism from Senator Rand Paul, who labeled it reckless. The market reaction saw Bitcoin experiencing a 2.63% decline over the week, with trading volumes surging by 45.41% to $92.65 billion, reflecting heightened market activity amid the legislative developments.
Bitcoin Dips Below $100K Amid U.S. Hemp Ban Concerns
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