Bitcoin slipped to its lowest level in four weeks late Thursday, with Glassnode analysts citing profit-taking by long-term holders and fading institutional demand as reasons behind the king crypto’s devastating trading week. The largest coin by market cap dropped under $109,000 just over a week after the US Federal Open Market Committee (FOMC) cut its benchmark interest rate. The week-long fall took Bitcoin to prices below $109,000, levels not seen since September 4, according to data from TradingView. On Coinbase, Bitcoin traded at $108,700 in late Thursday.