Bitcoin Plunges Below $86,000 as Recession Fears Drive Market Correction

Bitcoin prices dropped below the $86,000 threshold following the release of delayed U.S. employment data that highlighted persistent inflationary pressures. The cryptocurrency saw a 7.3% decline in the last 24 hours, reaching a seven-month low of $85,700. Investors believe this recent slump won’t translate into a sustained market recovery unless there is more than just a rate cut by the Federal Reserve in December.