Bitcoin Price Plummets Below $86,000 as Market Uncertainty Sets In

Bitcoin’s price has dropped significantly below $86,000 due to a broader market sell-off and reduced expectations for a 50 basis point (bps) interest rate cut by the Federal Reserve. The shift in economic outlook is leading to risk-averse behavior across financial markets. Analysts remain divided on Bitcoin’s immediate direction, with some expecting a short-term bounce back towards $98K-$100K while others warn of a deeper correction.