Bitcoin price fluctuated around $122,169.80 on Thursday morning, after dropping within 24 hours from $124,000 to $121,000.

This came as the US dollar broadly stabilized on Thursday, during a week marked by political unrest in Japan and France alongside the ongoing US government shutdown, which increased investor demand for safe-haven assets such as gold, which soared to record levels above $4040 on Wednesday.

Against a basket of currencies, the dollar remained mostly unchanged at 98.77.

Among other cryptocurrencies, Ether fell 1.39% to $4,453.94, Solana dropped 0.76% to $227.01, Dogecoin declined 3.4% to $0.2501, while Ripple XRP fell more than 2% to $2.84 after two days of surpassing $3.